Kotak Mutual Fund has declared dividend under the dividend option of Kotak Fixed Maturity Plan 3 Months Series 28. The fund house has fixed 16 June 2008 as the record date for the payment of dividend. It proposes the 100% of distributable surplus available on the record date, as dividend subject to deduction of applicable dividend distribution tax. The NAV of the scheme was recorded at Rs 10.2278 as on 9 June 2008.
Kotak Fixed Maturity Plan 3 months Series 28 was launched in March 2008. The scheme is a close-ended debt fund with an investment objective of generating returns through investments in debt and money market instruments with a view to significantly reduces the interest rate risk. The scheme is asking for an exit load of 1%, if redemption is done before maturity.
Kotak Fixed Maturity Plan 3 months Series 28 was launched in March 2008. The scheme is a close-ended debt fund with an investment objective of generating returns through investments in debt and money market instruments with a view to significantly reduces the interest rate risk. The scheme is asking for an exit load of 1%, if redemption is done before maturity.
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