Kotak Mahindra Mutual Fund has announced a maiden dividend of 7% i.e. Rs 0.70 per unit on the face value of Rs 10 under the dividend option of Kotak Flexi Fund of Funds- Series II. The record date for the same has been fixed as 8 November 2007.
Kotak Flexi Fund of Funds- Series II is a close-ended fund of funds scheme launched with an objective to provide long-term capital appreciation by investing in a portfolio of diversified equity schemes and liquid or short term/ floating rate schemes of mutual funds registered with SEBI.
The scheme registered an NAV of Rs 12.6510 on 1 November 2007.
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