Tuesday, March 18, 2008

Kotak MF Declares Dividend

Kotak Mutual Fund has announced 23 March 2008 as the record date for declaration of dividend under dividend option of Kotak Quarterly Interval Plan – Series 1.

The fund house has decided to distribute 100% of surplus available as on record date. The NAV for the scheme was Rs. 10.2071 as on 14 March 2008.

Kotak Quarterly Interval Plan – Series 1 is an interval debt fund. 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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