Kotak Balance Fund declares 10% dividend

The Trustees of Kotak Mahindra Mutual Fund have announced dividend of 10% under Kotak Balance Fund. The dividend is Re. 1 per unit on face value of Rs. 10 per unit in Kotak Balance. Kotak Mahindra Balance Unit Scheme 99 is an Open-Ended Balanced Scheme.

The record date for the dividend is September 25, 2009. The NAV of the scheme as on September 18, 2009 was Rs. 23.312 per unit.

Dividend distribution is subject to the availability and adequacy of distributable surplus. Pursuant to payment of dividend, the NAV of the Dividend Option of the Scheme would fall to the extent of payout and statutory levy if any.

Mutual Fund investments are subject to market risks; there is no assurance that the Scheme's objectives will be achieved. NAV of the Scheme's Units can go up / down depending on factors & forces affecting securities markets. Past performance of Sponsor / AMC / Fund does not indicate the scheme's future performance.

Source : Equity Bulls

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