Wednesday, March 18, 2009

Kotak MF Declares Dividend For Quarterly Interval Plan- March 18, 2009

Kotak Mutual Fund has declared dividend under dividend option of Kotak Quarterly Interval Plan -Series 1. The fund house has decided to distribute up to 100% distributable surplus as dividend on the record date 23 March 2009 on the face value of Rs 10 per unit.

The scheme recorded a NAV of Rs 10.1802 per unit as on 16 March 2009.

The specified transaction period is on 23 March 2009.

Kotak Quarterly Interval Plan -Series 1 is a debt oriented interval scheme with an investment objective to generate returns by investing in debt and money market instruments with a view to significantly reduces the interest rate risk.

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