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Tuesday, January 20, 2009

Kotak MF declares dividend for QIP

Record date for dividend is 21 January 2009

Kotak Mutual Fund has declared dividend under dividend option of Kotak Quarterly Interval Plan -Series 5. The fund house has decided to distribute upto 100% distributable surplus as dividend on the record date 21 January 2009 on the face value of Rs 10 per unit.

The scheme recorded a NAV of Rs 10.0531 per unit as on 16 January 2009. The specified transaction period is on 21 January 2009.

Kotak Quarterly Interval Plan -Series 5 is an interval debt scheme with an investment objective to generate returns by investing in debt and money market instruments with a view to significantly reduces the interest rate risk.

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