Record date for dividend is 29 September 2008
Kotak Mutual Fund has declared dividend under the dividend option of Kotak Fixed Maturity Plan 12M Series 2. The fund house has fixed 29 September 2008 as the record date for the payment of dividend.
The fund house has decided to distribute 100% of surplus available under dividend plan as on record date. The NAV of the scheme under retail plan was recorded at Rs 10.4137 and Rs 10.4340 under institutional plan as on 22 September 2008.
Pursuant to payment of dividend, the NAV would fall to the extent of dividend payout and statutory levy, if applicable.
Kotak Fixed Maturity Plan 12M Series 2 is a close-ended debt scheme. The investment objective of the scheme is to seek 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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