Kotak Mutual Fund has declared dividend under dividend option Kotak Quarterly Interval Plan series 7 an interval debt fund. The record date for the dividend is 27 November 2008. The quantum of dividend will be 100% of distributable surplus on the record date for the face value Rs 10 per unit. The NAV of the scheme was at Rs 10.2650 per unit as on 20 November 2008.
The specified transaction period for the scheme is 27 November 2008. Kotak Quarterly Interval Plan Series 7 aims to generate returns through investments in debt and money market instruments to significantly reduce the interest rate risk.
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