Monday, March 16, 2009

Kotak Mahindra Bond Unit Scheme 99 Declares Dividend- March 16, 2009

Kotak Mahindra Mutual Fund has proposed to declare dividend under quarterly dividend option of Kotak Mahindra Bond Unit Scheme 99 for both regular and deposit plans. The record date is set as 20 March 2009.

The quantum of dividend under both regular and deposit plans will be Rs 0.2000 per unit on face value of Rs 10 per unit. The NAV of the scheme was at Rs 10.7827 under regular plan and Rs 12.706 per unit under deposit plan as on 12 March 2009.

Kotak Mahindra Bond Unit Scheme 99 is an open ended debt scheme with an objective to create a portfolio of debt instruments of different maturities so as to spread the risk across a wide maturity horizon and different kinds of issuers in the debt markets.

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