Kotak Mutual Fund has declared dividend under the dividend option of Kotak Quarterly Interval Plan Series 6.
The fund house has fixed 14 May 2008 as the record date for the payment of dividend. It proposes the entire distributable surplus available on the record date, as dividend subject to deduction of applicable dividend distribution tax.
Pursuant to payment of dividend, 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 was recorded at Rs 10.1079 as on 7 May 2008.
The fund house has fixed 14 May 2008 as the record date for the payment of dividend. It proposes the entire distributable surplus available on the record date, as dividend subject to deduction of applicable dividend distribution tax.
Pursuant to payment of dividend, 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 was recorded at Rs 10.1079 as on 7 May 2008.
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