1) Where will you invest my money?

At Kotak Portfolio Management, the Relationship Manager will discuss with you at length your financial goals and engineer a portfolio as per your requirement across various asset classes.

2) What kind of returns can I expect?

Kotak Portfolio Management offers various schemes to suit individual investment objectives. As per regulations governing Portfolio Management Services in India, neither capital nor returns can be guaranteed. We shall endeavor to outperform the benchmark indices like Nifty but there can be no guarantee or certainty of the same. We believe, over long term, equities' performance will track corporate performance. We expect India's GDP to grow at 7-8% p.a. in real terms; or 12-13% p.a. in nominal terms. Therefore historical trends indicate that well managed portfolios in Indian equities can yield upto 20-25% p.a. returns. However the future returns may be very different for market risk as well as risk with any portfolio manager's judgment.

3) Do you invest in Derivatives on behalf of the customer?

The Portfolio Manager may invest in future and options to hedge, to generate returns or to balance the portfolio. The quantum of the exposure to derivatives will not normally exceed 50% of the portfolio invested by the client.

4) How regularly can I get updates on my portfolio?

The Account Statement as well as the Statement of Holding of your equity portfolio will be couriered to you on a quarterly basis. You will be able to view the same online .The statements will have complete details of portfolio transactions and a comprehensive performance review which will be uploaded on the website on a weekly basis and can be viewed by logging in your user ID and the password that will be supplied to you. The Annual Audit Statements will also be couriered.

5) Does the Portfolio Manager have absolute discretion in a Discretionary Portfolio?

Kotak Securities is a SEBI registered Portfolio Manager for providing both Discretionary as well as Non Discretionary portfolio management service.

6) How safe are my securities under the Portfolio Management Service?

Kotak Securities is a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). This ensures complete safety in operations. Stock ownership always rests with the client.

We are a registered participant with Security Exchange Board of India (SEBI). Certificate of Registration as Portfolio Manager INP 000000258

7) How will I know my tax status?

We expect all clients to consult their tax consultant before investing into any form of securities. At Kotak Securities, we give each client an audited tax statement of his portfolio annually. The same can be used when you file your returns

8) Risk Factors?

Equity Investments are subject to market risks and there is no assurance or guarantee that the objective of the portfolio management service will be achieved.

As with any investment in securities, the Net Asset Value of the managed portfolios can go up or down depending on the factors and forces affecting capital markets.

Past performance of the the portfolios does not indicate the future performance.

9) What is the time horizon and is there a lock-in period?

In most of our schemes there is no lock-in period and the ideal time horizon for a equity portfolio is at least 18-24 months.

10) What if I terminate from the PMS before one year?

You can terminate from PMS at any time after 30 days, charges as agreed would be applicable

11) In whose name investments will be made?

Under PMS all investments will be made in the name of the client or in the name of the scheme.