Kotak Mutual Fund has declared dividend under the dividend option of Kotak Fixed Maturity Plan 1M Series 3. The fund house has fixed 8 September 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 10.0647 as on 1 September 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 3 is a close-ended debt scheme. The 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.
No comments:
Post a Comment