Kotak Mutual Fund has announced 5 January 2011 as the record date for declaration of dividend under the dividend option of Kotak Quarterly Interval Plan Series 9.
The fund house has decided to distribute entire appreciation in Net Asset Value of the dividend option until 5 January 2011, as dividend subject to availability and adequacy of distributable surplus and deduction of applicable dividend distribution tax, on the face value of Rs 10 per unit. The scheme recorded NAV of Rs 10.166 per unit under dividend option as on 29 December 2010.
Kotak Quarterly Interval Plan Series 9 is an interval debt fund. The scheme aims 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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