Kotak MF declared dividend on the face value of Rs 10 per unit under the dividend option Kotak Quarterly Interval Plan Series 7. The record date for dividend is August 21, 2012.
The quantum of dividend will be entire appreciation in Net Asset Value of dividend option until August 21, 2012. The scheme recorded NAV of Rs 10.2181 per unit as on August 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
