Kotak Mahindra Mutual Fund announces 60% dividend

Kotak Mahindra Mutual Fund announces 60% dividend
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First Published: Mon, Jan 21 2008. 04 07 PM IST
Updated: Mon, Jan 21 2008. 04 07 PM IST
Mumbai: Kotak Mahindra Mutual Fund has announced a tax-free dividend of Rs 6.00 per unit (on a face value of Rs10 per unit) in Kotak Opportunities.
The dividend record date is 25January, 2008 and dividend distribution is subject to the availability and adequacy of distributable surplus. After the distribution of dividend, the NAV will fall to the extent of the dividend and distribution taxes, if any.
The investment objective of Kotak Opportunities is to generate capital appreciation from a diversified portfolio of equity and equity related securities.
Kotak Opportunities is an open-ended equity growth scheme.
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First Published: Mon, Jan 21 2008. 04 07 PM IST