Kotak Mutual Fund has declared dividend under dividend option of Kotak Quarterly Interval Plan Series 6. The record date for dividend has been set as February 9, 2010. The quantum of dividend will be up-to 100% of distributable surplus available as on the record date on the face value of Rs 10 per unit. The NAV of the scheme stood at Rs 10.0801 per unit as on February 2, 2010.
All the unit holders of the dividend option of the scheme who will submit valid redemptions / switch-out requests till 3.00 p.m on February 9, 2010 will be entitled to receive the dividend. In respect of valid purchase / switch-in applications received till 3.00 p.m., the ex-dividend NAV of the day of receipt of application will be applicable and the eligible investors will be entitled for dividend declared, if any, for the next record date by the Trustee. Units will be allotted on STP date NAV. Kotak Quarterly Interval Plan Series 6 is an interval debt fund with an investment objective to generate returns though investments in debt and money market instruments.
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