Kotak Mutual Fund Changes In Load Structure - Jan 21, 2009

Kotak Mutual Fund has announced the changes in load structure of Kotak Floater Long Term Scheme, which will be effective from January 23, 2009. Hereafter, the scheme will not charge entry load nor exit load. However, the new load structure will be applicable only on a prospective basis to units purchased on after the January 23, 2009.

Kotak Floater Long Term Scheme is an open ended debt scheme aims to reduce the interest rate risk associated with investments in fixed rate instruments by investing predominantly in floating rate securities as well as the money market instruments and using appropriate derivatives.

Kotak Mutual Fund Proposes 100% Distributable Of Surplus - June 12, 2008

Kotak Mutual Fund has declared dividend under the dividend option of Kotak Fixed Maturity Plan 3 Months Series 28. The fund house has fixed 16 June 2008 as the record date for the payment of dividend. It proposes the 100% of distributable surplus available on the record date, as dividend subject to deduction of applicable dividend distribution tax. The NAV of the scheme was recorded at Rs 10.2278 as on 9 June 2008.

Kotak Fixed Maturity Plan 3 months Series 28 was launched in March 2008. The scheme is a close-ended debt fund with an investment objective of generating returns through investments in debt and money market instruments with a view to significantly reduces the interest rate risk. The scheme is asking for an exit load of 1%, if redemption is done before maturity.

Kotak MF Declares Dividend

Kotak Mutual Fund has declared dividend under the dividend option of Kotak Quarterly Interval Plan Series 6.

The fund house has fixed 14 May 2008 as the record date for the payment of dividend. It proposes the entire distributable surplus available on the record date, as dividend subject to deduction of applicable dividend distribution tax.

Pursuant to payment of dividend, the NAV would fall to the extent of dividend payout and statutory levy, if applicable. All unit holders registered on or before the record date would be eligible to receive the dividend.

The NAV of the scheme was recorded at Rs 10.1079 as on 7 May 2008.

Kotak MF Launches New FMP

Kotak Mutual Fund launched Kotak Fixed Maturity Plan 13 month Series 4. A close-ended debt scheme. It has maturity of 13 months after the date of allotment. The scheme offers retail and institutional plan. The scheme offers investors growth option and dividend option under both the plans. The dividend option offers dividend payout and dividend re-investment facilities. The objective of the scheme would be to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.

Kotak MF Declares Dividend

Kotak Mutual Fund has announced 26 March 2008 as the record date for declaration of dividend under dividend option of Kotak Quarterly Interval Plan - Series 2. The fund house has decided to distribute 100% of surplus available as on record date. The NAV for the scheme was Rs. 10.1971 as on 18 March 2008.

Kotak Quarterly Interval Plan - Series 2 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.