Mumbai: Kotak Mutual Fund has declared dividend under its Kotak 50 Unit scheme. The record date for distribution of dividend is January 27, 2011.
The quantum of dividend decided for distribution is Rs 2.00 per unit on the face value of Rs 10.
Kotak 50 Unit scheme is an open ended equity scheme with investment objective of generating capital appreciation from a portfolio of predominantly equity and equity related securities. The portfolio will generally comprise of equity and equity related instruments of around 50 companies which may go up to 59 companies but will not exceed 59 at any point in time. Review and rebalancing will be conducted if the investment in companies exceeds above 59.
