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Thursday, February 26, 2009

Kotak MF declares dividend for quarterly interval plan

Record date for dividend is 2 March 2009

Kotak Mutual Fund has declared dividend under dividend option of Kotak Quarterly Interval Plan -Series 7. The fund house has decided to distribute up to 100% distributable surplus as dividend on the record date 2 March 2009 on the face value of Rs 10 per unit.

The scheme recorded a NAV of Rs 10.1903 per unit as on 19 February 2009. The specified transaction period is on 2 March 2009.

Kotak Quarterly Interval Plan -Series 7 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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