Kotak MF Declares Dividend for Quarterly Interval Plan Series 1

Kotak Mutual Fund has declared dividend under dividend option of Kotak Quarterly Interval Plan Series 1. The record date for dividend has been set as December 17, 2009. 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 10.115 as on December 10, 2009. Kotak Quarterly Interval Plan Series 1 is an interval debt fund with an investment objective to generate returns though investments in debt as well as money market instruments.