Kotak Mutual Fund has declared dividend under dividend option of Kotak FMP Series 33 on the face value of Rs 10 per unit.
The quantum of dividend will be entire appreciation in net asset value as on record date. The record date for the dividend payout has been fixed as February 6, 2012. The scheme recorded NAV of Rs 10.9542 per unit as on January 30, 2012.
The scheme would mature on February 6, 2012. The units of the scheme will not be available for trading on the NSE with effect from February 2, 2012.
Kotak FMP Series 33 is a close ended debt scheme. The investment objective is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme will invest in debt and money market securities, maturing on or before the maturity of the scheme.
