Kotak Mahindra Mutual Fund has announced 6 May 2009 as the record date for declaration of dividend in the dividend option of Kotak FMP 12M Series 5. The fund house has decided to distribute upto 100% of distributable surplus as dividend on the face value of Rs 10 per unit on the record date.
The scheme recorded NAV of Rs 10.4049 per unit as on 28 April 2009.
Kotak FMP 12M Series 5 is a close ended debt scheme. The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.
The scheme recorded NAV of Rs 10.4049 per unit as on 28 April 2009.
Kotak FMP 12M Series 5 is a close ended debt scheme. The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.
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