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Friday, May 15, 2009

Kotak MF declares dividend for FMP 16M Series 2

Record date for dividend is 18 May 2009

Kotak Mutual Fund has declared dividend under dividend option of Kotak Fixed Maturity Plan 16M Series 2. The fund has decided to distribute 100% of distributable surplus as dividend available as on the record date of 18 May 2009 on the face value of Rs 10.

The scheme recorded NAV of Rs 10.2202 per unit under retail plan and Rs 10.2232 per unit for institutional plan as on 13 May 2009.

Kotak Fixed Maturity Plan 16M Series 2 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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