Kotak MF Declares Dividend for FMP 12M Series 10

Kotak Mutual Fund has declared dividend under dividend option of Kotak FMP 12M Series 10. The record date for dividend has been set as November 8, 2009.

The quantum of dividend will be upto 100% of distributable surplus available as on the record date on the face value of Rs. 10 per unit, for the above mentioned scheme. The NAV for retail plan was at Rs. 10.5346 per unit while Rs. 10.5716 per unit for institutional plan as on October 30, 2009. Kotak FMP 12M Series 10 is a close ended debt scheme with an investment objective to generate returns though investments in debt and money market instruments.