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Friday, April 17, 2009

Kotak MF declares dividend for quarterly interval plan

Record date for dividend is 22 April 2009

Kotak Mutual Fund has declared dividend under dividend option of Kotak Quarterly Interval Plan -Series 5. The fund house has decided to distribute up to 100% of distributable surplus as dividend on the record date 22 April 2009 on the face value of Rs 10 per unit.

The scheme recorded a NAV of Rs 10.1105 per unit as on 15 April 2009.

The specified transaction period is on 22 April 2009.

Kotak Quarterly Interval Plan -Series 5 is a debt oriented interval 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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