Kotak Mutual Fund has announced the declaration of dividend under dividend option for Kotak FMP – 3 Month Series 26. The record date is set as 13 February 2008. The fund house has decided to distribute 100% of surplus available as on record date. The NAV for the scheme under dividend option was Rs. 10.0978 as on 6 February 2008.
Kotak FMP – 3 Month Series 26 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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