Kotak MF To Pay Dividend On Kotak FMP 3M-S4

Kotak Mutual Fund to distribute the entire quantum of surplus available on the record date, under dividend option of Kotak Fixed Maturity Plan 3 Month Series 4. The fund house has fixed 26 December 2006 as the record date for the payment of dividend, pursuant to which, the NAV would fall to the extent of dividend payout and statutory levy, if applicable. All unit holders registered on or before the record date would be eligible to receive the dividend. The NAV of the scheme stood at Rs.10.1767 per unit as on 22 December 2006.

Kotak Fixed Maturity Plan-3Month Series-4 is a bond fund launched September 2006. The 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. The minimum investment amount for this scheme is Rs.5000 and in multiples of Re.1 thereafter.