Kotak Mutual Fund has announced 13 August 2012 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend option of Kotak Quarterly Interval Plan Series 3.
The quantum of dividend will be entire appreciation in Net Asset Value of dividend option until 13 August 2012. The scheme recorded NAV of Rs 10.2155 per unit as on 6 August 2012.
The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.