Kotak Mutual Fund Declares Under The Dividend Option - July 14, 2008

Kotak Mutual Fund has declared dividend under the dividend option of Kotak Fixed Maturity Plan 1M Series 1. The fund house has fixed 17 July 2008 as the record date for the payment of dividend. The fund house has decided to distribute 100% of surplus available under dividend plan as on record date. The NAV of the scheme was recorded at Rs 10.0532 as on 10 July 2008. Pursuant to payment of dividend, the NAV would fall to the extent of dividend payout and statutory levy, if applicable. Kotak Fixed Maturity Plan 1M Series 1 is a close-ended debt scheme. The primary investment objective of the scheme is to seek to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.