Kotak Mutual Fund has declared declaration of dividend on the face value of Rs 10 per unit under the dividend option of Kotak Quarterly Interval Plan Series 1. The record date for dividend has been fixed as June 13, 2012.
The quantum of dividend will be entire appreciation in Net Asset Value of dividend option until June 13, 2012.
The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.
Source: Accord Fintech
