Tuesday, July 14, 2009

Kotak Quarterly Interval Plan Series 10 declares dividend

Kotak Mutual Fund has declared dividend under dividend option of Kotak Quarterly Interval Plan -Series 10. The record date for the dividend is set as July 16, 2009. The fund house has decided to distribute up to 100% of distributable surplus as dividend on the record date on the face value of Rs 10 per unit.

The scheme recorded a NAV of Rs 10.0883 per unit as on July 9, 2009. The specified transaction period is on July 16, 2009.

Kotak Quarterly Interval Plan -Series 10 is an interval debt scheme with an investment objective to generate returns by investing in debt as well as money market instruments with a view to significantly reduces the interest rate risk.

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