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.
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
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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
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
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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
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
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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:
(1)
b.
(3)
Year ending
March, 2009
2.88%
2.51%
14.44%
7.86%
11.11%
15.44%
6.07%
9.67%
Claims Ratio:
a.
(2)
Year ending
March, 2010
Claims as % of Total Premium
(Claims does not include Surrender, Maturity and Survival Benefits)
Surrender, Maturity and Survival benefits as % of Total Premium
Commission Ratio:
a.
New Business Commission as a % of New Business Premium
b.
Total Commission as a % of Total Premium
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
Kotak Mahi ndra O l d Mutual Li fe I nsurance Li m i te d
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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
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:
6.
(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)
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.
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
(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
(c)
(Loss on sale/redemption of investments)
(13)
Other Income
Total (A)
Expenses other than those directly related to the insurance business
Bad debts written off
(64,174)
—
—
912,744
465,109
43,538
20,418
—
—
Provisions (other than taxation)
(a)
For diminution in the value of investments (Net)
—
—
(b)
Provision for doubtful debts
—
—
(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
– Current Year
—
—
– Earlier Year
—
—
692,246
143,401
Profit before tax
Provision for taxation
Profit after tax
Appropriations
(3,243,421)
(a)
Balance at the beginning of the year
(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
(3,386,822)
—
(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:
(a)
(b)
869,540
1,282,719
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.
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
– Taxation matters
—
—
– Insurance Matters
—
—
Printing and Stationery
Communication expenses
Auditors’ fees, expenses etc.
(a)
as auditor
(b)
as adviser or in any other capacity , in respect of
—
—
432
174
Advertisement and publicity
488,254
875,925
Distribution Expenses
629,630
617,314
Sales Promotion Expenses
197,020
282,859
– Management services; and
(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)
Particulars
Year ended
March 31, 2010
Year ended
March 31, 2009
Insurance Claims
(a)
Claims by Death
982,294
407,949
(b)
Claims by Maturity
235,470
110,250
(c)
Annuities/Pension payment
—
—
(d)
Survival Benefits
72,060
60,713
(e)
Surrenders
4,015,196
1,942,551
(f)
Others (Refer note (b) below)
22,319
14,956
(360,510)
(106,024)
Amount ceded in reinsurance
(a)
Claims by Death
(b)
Claims by Maturity
—
—
(c)
Annuities/Pension payment
—
—
(d)
Survival Benefits
—
—
(e)
Surrenders
—
—
(f)
Others
—
—
Amount accepted in reinsurance
(a)
Claims by Death
—
—
(b)
Claims by Maturity
—
—
(c)
Annuities/Pension payment
—
—
(d)
Survival Benefits
—
—
(e)
Surrenders
—
—
(f)
Others
—
—
4,966,829
2,430,395
Total
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
Total
20
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)
As at
March 31, 2010
As at
March 31, 2009
(aa) In India
—
—
(bb) Outside India
—
—
Particulars
SECURITY–WISE CLASSIFICATION
Secured
(a)
On mortgage of property
(b)
On Shares, Bonds, Govt. Securities etc.
(c)
Loans against policies
(d)
Others
—
—
52,194
58,251
—
—
Unsecured
—
—
Total
52,194
58,251
BORROWER-WISE CLASSIFICATION
(a)
Central and State Governments
—
—
(b)
Banks and Financial Institutions
—
—
(c)
Subsidiaries
—
—
(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
—
—
52,194
58,251
Total
MATURITY-WISE CLASSIFICATION
(a)
Short term
72
19,400
(b)
Long Term
52,122
38,851
Total
52,194
58,251
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
—
—
—
—
—
—
—
Grand Total
1,257,472
209,631
9,065
1,458,038
716,993
250,370
8,534
Previous Year
924,883
368,671
36,082
1,257,472
528,138
216,883
28,027
Buildings
Vehicles
Office equipment
Capital Work-in-progress
*
60,716
28,488
958,829
559,925
568,966
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
(b)
Current accounts
(c)
Others
—
—
471,482
687,681
—
—
Money at Call and Short Notice
(a)
With Banks
—
—
(b)
With other Institutions
—
—
869,540
1,282,719
—
—
869,540
1,282,719
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
Total
26
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)
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.
(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 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.
Valuation – Shareholder’s Investments and non-linked policy-holders Investments
(ii)
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)
(f)
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.
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.
Loans
Loans are stated at historical cost, subject to provision for impairment, if any. Interest on loan, if any, is accrued when due. Norms laid down
under circular No 32/2/F&A/ Circular/169/Jan/2006-07 issued by the IRDA are adhered to in this regard.
(g) Fixed Assets and Depreciation
Fixed assets are stated at cost including incidental expenses less accumulated depreciation. In respect of liabilities incurred in acquisition of
fixed assets in foreign exchange, the net gain or loss arising on conversion/settlement are charged to revenue account. Intangible assets
comprising software are stated at cost less amortization.
Depreciation/amortization is provided under the straight-line method (SLM) with reference to the 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)
Actuarial gains/losses are immediately taken to the profit and loss account and are not deferred.
(i)
(j)
Accounting for Operating Leases
Leases where the lessor effectively retain substantially all the risks and benefits of ownership over the lease term are classified as operating
leases. Operating lease rentals are recognized as an expense in revenue/profit and loss account on a straight line basis over the lease term.
Foreign Currency Transactions
Transactions denominated in foreign currency are recorded at the rate of exchange prevailing on the transaction date. Monetary assets and
liabilities denominated in foreign currencies at the Balance Sheet date are translated using the rate of exchange prevailing on that date.
Exchange differences either on settlement or on translation are recognized in the Revenue Account/ Profit and Loss Account, as applicable.
(k)
Segment reporting
Business Segments
In accordance with the Insurance Regulatory and Development Authority (Preparation of Financial Statements and 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.
(l)
Taxation
Provision for current income tax, if any, is made on an accrual basis after taking credit for allowances and exemptions in accordance with
Income Tax Act, 1961. Deferred income tax is recognized for future tax consequences attributable to timing differences between income as
determined by the financial statements and the recognition for tax purposes. The effect on deferred tax assets and liabilities of a change in
tax rates is recognized using the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date.
Deferred tax assets are recognized only to the extent there is reasonable certainty that the assets can be realized in future. However, where
there is unabsorbed depreciation or carried forward loss under taxation laws, deferred tax assets are recognized only if there is virtual
certainty backed by convincing evidence that such deferred assets can be realized.
Deferred tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantially enacted before the
balance sheet date. Changes in deferred tax assets/liabilities on account of changes in enacted tax rates are given effect to in the Revenue
account/Profit and Loss Account in the period of the change. The carrying amount of deferred tax assets are reviewed at each balance sheet
date. The company writes-down the carrying amount of a deferred tax asset to the extent that it is no longer reasonably certain or virtually
certain, as the case may be, that sufficient future taxable income will be available against which deferred tax asset can be realized.
(m) Preliminary and Share Issue expenses
Share Issue expenses in relation to increase in share capital are written off when incurred. Preliminary Expenses and Initial Share Issue
expenses are amortized over a period of 3 years. Unamortized Preliminary Expenses and Share Issue expenses are adjusted in the schedule
of Share Capital as prescribed under the IRDA Regulations.
(n) Service tax
Service tax liability on taxable premium and unit-linked charges are set-off against available cenvat credits. Unutilized credits, if any, are
carried forward under “Advances and Other Assets” for set-off in subsequent periods.
(o) Provisions and Contingencies
Provision is recognised when there is a present obligation as a result of past event; it is probable that an outflow of resources will be required
to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value and are
determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet
date and adjusted to reflect the current best estimates.
Contingent Liabilities are not recognized but are disclosed in the notes unless the outflow of resources is remote. Contingent assets are
neither recognised nor disclosed in the financial statements.
(p) Earnings per Share
The basic earnings per share is computed by dividing the net profit or loss for the period attributable to the equity shareholders by weighted
average number of equity shares outstanding during the reporting year.
For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the
weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.
(q) Debit balance in the Profit & Loss Account (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
(ii)
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. 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)
34
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%).
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)
*
(net of service tax, if any). Fund management charges are inclusive of service tax figures
**
Surrender charge includes partial surrender charge
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
Pension Linked Unit
(2)
—
—
—
—
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)
*
(net of service tax, if any). Fund management charges are inclusive of service tax figures
**
Surrender charge includes partial surrender charge
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
—
—
—
—
—
—
—
—
—
—
— Survival
—
—
—
—
—
—
—
—
—
—
— Surrender
—
3,492,331
3,492,331
—
155,412
155,412
—
64,843
64,843
3,712,586
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
(d) Other benefits
— Others
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
—
—
—
—
—
—
—
—
—
—
— Survival
—
—
—
—
—
—
—
—
—
—
— Surrender
—
1,434,999
1,434,999
—
2,899
2,899
—
184,141
184,141
1,622,039
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
(d) Other benefits
— Others
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
Kotak Guaranteed
Money Market Fund
Kotak Group
Money Market Fund
Money Market Fund
Pension
Money Market Fund II
Current
Year
Previous
Year
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.)
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
(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)
Payable for Purchase of Investments
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
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
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
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.)
Particulars
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)
Payable for Purchase of Investments
Other Current Liabilities
Unit Payable a/c
Total
Schedule: F – 4 — CURRENT LIABILITIES (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
—
—
—
—
—
—
(4,377)
(95)
(658)
(126)
(4)
—
(196)
(30)
(1)
—
—
—
—
—
—
—
—
—
(658)
(126)
(4)
—
(196)
(30)
(4,378)
(95)
Unit Payable a/c
Total
Kotak Group 59M FMP
08/12/2013
Current
Year
Payable for Purchase of Investments
Other Current Liabilities
Kotak Group 50M FMP
27/02/2013
Schedule: F – 4 — CURRENT LIABILITIES (Contd.)
Particulars
Payable for Purchase of Investments
Other Current Liabilities
Unit Payable a/c
Total
82
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 guaranteed
Growth Fund
Kotak Pension
Growth Fund
Schedule: F – 4 — CURRENT LIABILITIES (Contd.)
Particulars
Kotak Group
Growth Fund
Kotak Aggressive
Growth Fund
Kotak Group Aggressive
Growth Fund
Kotak Advantage
Multiplier Fund
Current
Year
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.)
Particulars
Payable for Purchase of Investments
Other Current Liabilities
Kotak Advantage
Plus 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
Total
Kotak Advantage Fund
Schedule: F – 4 — CURRENT LIABILITIES (Contd.)
Particulars
Payable for Purchase of Investments
Other Current Liabilities
Unit Payable a/c
Total
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
Dynamic Floor Fund
Kotak Group Dynamic
Floor Fund
Current
Year
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)
—
Unit Payable a/c
Total
Pension Classic
Opportunities Fund
Schedule: F – 4 — CURRENT LIABILITIES (Contd.)
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
(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
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
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
Policy Administration charge
11
13
—
—
15
—
101
—
Surrender charge
—
11
—
—
—
—
—
—
Switching charge
—
—
—
—
—
—
—
—
8
10
—
—
7
—
—
—
Rider Premium charge
—
—
—
—
—
—
—
—
Partial withdrawal charge
—
—
—
—
—
—
—
—
Mortality charge
Miscellaneous charge
—
—
—
—
2
—
17
—
Total
19
34
—
—
24
—
118
—
Schedule: F – 5 — OTHER EXPENSES* (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
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
—
—
—
—
—
—
—
—
—
—
—
—
—
—
Mortality charge
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 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
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
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
—
—
—
—
—
—
—
—
Mortality charge
Miscellaneous charge
Total
13
9
—
—
—
—
43
31
6,696
953
211
—
50
—
1,446
1,102
Schedule: F – 5 — OTHER EXPENSES* (Contd.)
Particulars
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
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 Group 50M FMP
27/02/2013
Kotak Group 59M FMP
08/12/2013
Kotak Dynamic
Balanced Fund
Current
Year
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.)
Particulars
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
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 Group
Growth Fund
Kotak Aggressive
Growth Fund
Kotak Group Aggressive
Growth Fund
Kotak Advantage
Multiplier Fund
Current
Year
Previous
Year
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
Mortality charge
Total
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
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
Frontline
Equity 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
Classic
Opportunities Fund
Pension Classic
Opportunities Fund
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
—
—
Surrender charge
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
—
Policy Administration charge
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
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
Prime Ltd. — NCD
Kotak Mahindra
Mutual Fund — MFU
Amount
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%
38 Kotak Aggressive Growth Fund
39 Kotak Group Agressive Growth Fund
42 Kotak Advantage Fund
Grand Total*
*
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
% of Total
Funds
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%
State Government Bonds/Development
Loans
9,033
6.19%
Activities of Mutual Funds including
Unit Trust of India
1,890
1.29%
State Government Bonds/Development
Loans
8,742
5.99%
Net Assets
Kotak
Guaranteed
Gilt Fund
Others
7.18% FCI 2010
Monetary intermediation of
commercial banks, saving banks and
discount houses
Industry
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.
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
Industry
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
0.26%
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
608
9.40% NHB - 17.12.2013
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
Industry
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
% of Total
Funds
Others
Activities of Mutual Funds including
Unit Trust of India
Grand Total
Kotak
Guaranteed
Floating Rate
Fund
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
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
2.59%
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
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
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
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
Industry
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
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
% 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].
7.27% GOI - 03.09.13
8.35% GOI - 14.05.22
Kotak
Guaranteed
Balanced
Fund
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
Industry
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
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
Pension
Balanced
Fund II
% 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
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
Kotak
Dynamic
Growth Fund
% 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
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
Industry
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
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.
Kotak
Pension
Growth Fund
% of Total
Funds
Collection and distribution of electric
energy to households, industrial,
commercial and other users n.e.c.
1,534
3,556
2,269
4,320
0.61%
1.42%
0.91%
1.73%
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
4,877
1.95%
Manufacture of motor cars
1,381
0.55%
Manufacture of jeeps and station
wagons
1,705
0.68%
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
Industry
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.]
Kotak
Aggressive
Growth Fund
% 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.]
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
Kotak
Advantage
Multiplier
Fund
% 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%
0.42%
2.07%
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
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
13,876
Total
Production, supply and documentation
of ready-made (non-customized)
software
Net Assets
% of Total
Funds
9.40% ICICI 28th December 2011
State Bank of Hyderabad CD 04.01.2011
290
Kotak
Advantage
Plus Fund
Monetary intermediation of
commercial banks, saving banks
and discount houses
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.
Industry
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.
2,963
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.)
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
Kotak
Advantage
Multiplier
Fund II
% 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.)
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
% of Total
Funds
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.]
Kotak
Advantage
Plus Fund II
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.
Industry
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)
175,666
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
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
4,723
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)
Industry
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
4,910
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
Industry
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)
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
Industry
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
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
Pension
Guarantee
Fund
% 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.
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.
1
Fund Name
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
10
Gilt Fund
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
213
2,275
9.38%
5
57
9.26%
16
1,100
6.29%
1
Kotak Guaranteed Money Market Fund
2
Kotak Group Money Market Fund
3
Money Market Fund
4
Pension Money Market Fund II
91
5,993
5.91%
5
Kotak Dynamic Gilt Fund
10,614
147,149
7.21%
6
Kotak Guaranteed Gilt Fund
24,790
382,002
6.49%
7
Kotak Pension Gilt Fund
14,450
207,306
6.97%
8
Kotak Group Gilt Fund
5,325
75,830
7.02%
4
388
6.29%
10
9
Kotak Dynamic Bond Fund
Gilt 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
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
(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
1,242
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
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
8.01%
7.18%
15% p.a. for first
two year, 10.00%
p.a for next two
years & 6.00% p.a.
thereafter.
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
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
Nil
Nil
Nil
Nil
10. Any other Central/State/Local Government/Statutory
Authority
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*
4,355.59
2,446.50
Group Assurance*
—
180.60
Individual Pension
790.26
435.72
32.66
—
287.82
—
Individual Assurance
Group Superannuation
Group Gratuity
Any other (Pl. Specify)
Funds for Future Appropriations*
Total (A)
—
—
205.14
108.52
6,363.93
3,741.68
510.29
510.29
52.14
52.14
Shareholders’ Fund
Paid up Capital
Reserves & Surpluses
Fair Value Change
Total (B)
—
—
562.43
562.43
—
—
Credit/(Debit) from P&L A/c.
(255.12)
(324.34)
Total (C )
(255.12)
(324.34)
Misc. expenses not written off
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
Opening Balance of Controlled Fund
Add: Inflow
Income
Premium Income
18.20
35.45
Net Premium
2,849.85
2,307.74
Investment Income
1,061.09
(345.22)
Less: Reinsurance ceded
Other Income
Funds transferred from Shareholders’ Accounts
Total Income
178
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
—
—
3,171.33
2,359.04
96.63
55.41
3.2
Policyholders’ Funds - Linked
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