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.