Kotak Tax Saver Fund declares 35% dividend

Kotak Mahindra Asset Management Co Ltd has declared a dividend of 35% (Rs 3.5 on Face Value of Rs 10 per unit) on Kotak Tax-Saver Dividend Option (Open-Ended Equity Linked Savings Scheme).

The fund house has fixed 8 February, 2008 as the record date to determine the eligibility of investors for the dividend.

The Net Asset Value of the scheme is Rs 15.807 as on 6-February-2008.

Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of dividend payout and statutory levy if any.

Past performance may or may not be sustained in the future and should not be used as a basis of comparison with other investments.

Mutual Fund investments are subject to market risks. Please read the offer documents carefully before investing.

Source : Equity Bulls

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