Wednesday, June 17, 2009

Kotak Mahindra Union Division Plan 99 Declares Payment - June 17, 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 22 June 2009. The quantum of dividend under both regular and deposit plans will be Rs 0.3448 per unit and Rs 0.4073 per unit, respectively on face value of Rs 10 per unit.

The NAV of the scheme was at Rs 11.1570 under regular plan and Rs 13.1837 per unit under deposit plan as on 15 June 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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