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Wednesday, April 29, 2009

Kotak MF declares dividend

Record date for dividend is 4 May 2009

Kotak Mutual Fund has announced 4 May 2009 as the record date for dividend distribution in the dividend option of Kotak FMP 12M Series 3. The fund house has decided to distribute 100% distributable surplus as dividend on the record date.

The face value of the scheme is Rs 10 per unit and the scheme recorded NAV of Rs 10.5561 per unit under the retail plan (dividend option) and Rs 10.5563 per unit under the institutional plan (dividend option) as on 27 April 2009.

Kotak FMP 12M Series 3 is a close ended debt scheme. The investment objective of the scheme is 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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