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Wednesday, December 24, 2008

Kotak MF declares dividend for its various schemes

Record date for dividend is 29 December 2008

Kotak Mutual Fund has declared dividend in dividend option of various fixed maturity plans. The record date for dividend is 29 December 2008.

The fund proposed to declare dividend for below mentioned schemes:

Kotak FMP 12M Series 3 (for retail & institutional plan), Kotak FMP 12M Series 5 (retail plan), Kotak FMP 12M Series 6 (retail plan), Kotak FMP 12M Series 7 to 10 (for retail & institutional plan), Kotak FMP 12M Series 11 (for retail plan)

Kotak FMP 13M Series 3 (for retail plan), Kotak FMP 13M Series 4 (for retail & institutional plan.

Kotak FMP 14M Series 3 to 4 (for retail & institutional plan)

Kotak FMP 15M Series 4 to 5 (for retail & institutional plan)

Kotak FMP 16M Series 2 (for retail & institutional plan)

Kotak FMP 17M Series 1 (for retail & institutional plan)

Kotak FMP 6M Series 7 (for retail & institutional plan)

Kotak Quarterly Interval Plan-Series 3, Series 5, Series 6, and Series 9.

The fund house has decided to distribute 100% distributable surplus as dividend for all the above mentioned schemes on record date of 29 December 2008 on face value of Rs 10.

Kotak FMP series are closed ended debt schemes with an investment objective to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.

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