Notice cum Addendum - Change in Face Value of Units and Creation unit size of Kotak Nifty ETF

The Board of Directors of Kotak Mahindra Asset Management Company Limited and Kotak Mahindra Trustee Company Ltd have approved the change in face value of units and creation unit size of Kotak Nifty ETF. The details are as under:

A. Change in Face Value of Units and Creation unit size of Kotak Nifty ETF

Accordingly, the NAV per unit of the scheme will be reset to reflect the change in face value per unit and the balance unit holding of existing unit holders of the scheme will increase proportionately.

Investors may note that due to the change in the face value, there will not be any impact on the current value of their investments in Kotak Nifty ETF. Further unitholders will not incur any tax liability due to change in face value.

All other terms of the Schemes offered by the Fund remains unchanged. This notice cum addendum forms an integral part of Scheme Information Document and Key Information Memorandum of Scheme as amended from time to time.

The level of risk in the scheme in explained in the "Riskometer" below:

Investors should consult their financial advisers if in doubt about weather the product is suitable for them.