Kotak Mutual Fund has declared dividend on the face value of Rs 10 per unit under the dividend payout option of Kotak FMP Series - 78. The record date for dividend is June 26, 2012.
The quantum of dividend will be Rs 0.3016 per unit (amount available for distribution as on June 13, 2012. However, the actual distributable surplus available on the record date, subject to the maximum recommended rate as given below, will be distributed, which is subject to deduction of applicable dividend distribution tax)
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. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme. There is no assurance that the investment objective of the scheme will be achieved.
Source: Accord Fintech
