Kotak Mahindra Mutual Fund announces 20% dividend

Kotak Mahindra Mutual Fund announces 20% dividend
Comment E-mail Print Share
First Published: Mon, Mar 10 2008. 03 58 PM IST
Updated: Mon, Mar 10 2008. 03 58 PM IST
Mumbai: Kotak Mahindra Mutual Fund has announced tax-free dividend of Rs2.00 per unit (on a face value of Rs10/- per unit) in Kotak Opportunities.
The Dividend record date is 14March, 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 Mahindra Mutual Fund provides investors with financial products that enhance customers’ wealth, along with services that make the investing process easier. Set up in 1998, Kotak Mutual Fund currently manages assets worth Rs19731.48 crore contributed by over eight lakh investors (as on 29thFebruary, 2008). Kotak Opportunities is an open-ended equity growth scheme.
Comment E-mail Print Share
First Published: Mon, Mar 10 2008. 03 58 PM IST