Kotak Fund Took Fresh Stocks - Jan 10, 2009

Kotak Opportunities Fund (G) in December 2008 took fresh exposure to two stocks. The scheme in December 2008 has purchased 4.40 lakh units (0.91%) of IRB Infrastructure Developers along with 1.00 lakh units (0.87%) of Reliance Capital.

However, in December 2008, the scheme completely exited from Infosys Technologies by selling 1.44 lakh units (3.12%) followed by Tata Chemicals by selling 3.29 lakh units (0.85%), Aban Offshore by selling 25000 units (0.30%). In line with this, the scheme took no fresh exposure to any sector in December 2008.

In sector-wise, the scheme exits completely from Fertilizers by selling 0.85% in December 2008. Sector-wise, the scheme had highest exposure to Banks - Private Sector at 9.83% (6.01% in November 2008) along with public sector banks - at 6.81% (5.47%), Telecommunications - Service Provider at 6.39% (7.10%) as well as the Refineries at 5.61% (5.69%) among others in December 2008. On the other hand, in December 2008, sector wise, the scheme had reduced exposure to Computers - Software - Large to 3.50% (by 3.37%) followed by Finance - Housing to 1.28% (by 1.57%), Oil Drilling / Allied Services to 3.74% (by 1.28%) and Automobiles - Passenger Cars to 1.04% (by 1.23%) among others.

On the top of it, the scheme had highest exposure to Bharti Airtel 4.30 lakh units (4.93% of portfolio) followed by ICICI Bank with 5.73 lakh units (4.12%), Reliance Industries with 2.00 lakh units (3.95%) and Oil & Natural Gas Corporation with 3.50 lakh units (3.74%) among others in December 2008.

However, in December 2008, it reduced its exposure to Housing Development Finance Corporation by selling 57913 units to 53759 units (by 1.57%) in line with Maruti Suzuki India by selling 1.20 lakh units to 1.25 lakh units (1.23%), ONGC by selling 42500 units to 3.50 lakh units (0.98%) and Hero Honda Motors by selling 50000 units to 90000 units (0.79%) among others.

Kotak MF Declares Dividend

Kotak Mutual Fund has announced 28 February 2008 as the record date for declaration of dividend under dividend option of Kotak Mahindra 30 Unit Scheme.

The quantum of dividend is 30% i.e. Rs. 3.00 per unit on the face value of Rs. 10. The NAV for the scheme was Rs. 38.517 as on 20 February 2008.

Kotak Mahindra 30 Unit Scheme is an open-ended equity growth scheme. The investment objective of the scheme is to generate capital appreciation from a portfolio of predominantly equity and equity related securities with investment in 30 companies which may go up to 39 companies.

Kotak MF Declares Dividend

Kotak Mutual Fund has announced 20 February 2008 as the record date for declaration of dividend under dividend option of Kotak Quarterly Interval Plan Series 3.

The fund house has decided to distribute 100% of surplus available as on record date. The NAV for the scheme was Rs. 10.1188 as on 13 February 2008.

Kotak Quarterly Interval Plan Series 3 is an interval debt fund. 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.