Saturday, March 13, 2010 10:06 Hrs IST

Kotak MF Declares Dividend For Quarterly Interval Plan

Record date for dividend is 18 March 2010

Kotak Mutual Fund has announced the declaration of dividend under dividend option of Kotak Quarterly Interval Plan Series 1. The record date for dividend has been fixed as 18 March 2010.

The quantum of dividend will be upto 100% of distributable surplus available as on the record date on the face value of Rs 10 per unit. The NAV of the scheme was at Rs 10.185 as on 11 March 2010.

Kotak Quarterly Interval Plan Series 1 is an interval debt fund with the investment objective to generate returns though investments in debt and money market instruments with a view to significantly reduce the interest rate risk.