Kotak Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of Kotak Quarterly Interval Plan Series 1. The record date for dividend has been fixed as 14 September 2011.
The quantum of dividend will be entire appreciation in Net Asset Value of dividend option until 14 September 2011. The scheme recorded NAV of Rs 10.2135 per unit as on 7 September 2011.
Kotak Quarterly Interval Plan Series 1 is an interval debt fund which has the investment objective to generate returns though investments in debt and money market instruments with a view to significantly reduce the interest rate risk.
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