Kotak Mahindra Asset Management Singapore PTE Ltd

Item 5 Fees and Compensation

The fees charged by KMAMS are as set out below. Fees may, however, vary from client to
client and are based on what is negotiated with clients. All fees charged by KMAMS shall be
disclosed in the relevant Offering Memoranda and other subscription documents depending
on class types, where applicable.

Management fees

As a general rule, management fees payable to KMAMS is based on a percentage of the
current value of the assets under management. KMAMS typically charges up to 1-2%
management fee based on the market value of each fund's assets under management. The
management fees pre-dominantly shall be calculated daily and payable monthly in arrears.
The fees are deducted from the client’s assets or billed separately to main adviser and the
same is disclosed in the relevant document.

In addition to the above, advisory clients will have to pay other fees such as custodian fees
and executing broker charges to the respective custodian/executing broker.

Clients can recommend using their own set of approved brokers as part of the agreement.

Item 7 Types of clients

The only advisory client of KMAMS domiciled in the US is the Kotak India Equity Fund which
is a fund registered under the Investment Companies Act of 1940.

The other advisory clients include pooled investment vehicles, fund managers and pension
plans domiciled outside the US as mentioned in our Advisory Business Section.