Kotak Mutual Fund has declared dividend in dividend option of both retail and institutional plans of Kotak FMP 12M Series 4, a closed ended debt scheme. The fund house has decided to distribute 100% distributable surplus as dividend on record date 10 November on face value of Rs 10. The scheme recorded a NAV of Rs 10.5240 per unit under retail plan and NAV of Rs 10.5492 per unit under institutional plan as on 3 November 2008.
Kotak FMP 12M Series 4 is a closed ended debt scheme with an investment objective to generate returns through investments in debt and money market instruments to reduce the interest rate risk significantly.
Kotak FMP 12M Series 4 is a closed ended debt scheme with an investment objective to generate returns through investments in debt and money market instruments to reduce the interest rate risk significantly.
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