Kotak Mid-Cap Fund declares 15% dividend

Kotak Mahindra Mutual Fund has announced a dividend of Rs. 1.50 per unit on face value of Rs. 10 per unit in Kotak Mid-Cap Fund.

The record date for the dividend is February 19, 2010. The NAV of the dividend option of the scheme as on February 10, 2010 was Rs. 16.059 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.

Kotak Mid-Cap is an open ended equity growth scheme.

Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objective of the Scheme will be achieved. *As with any securities investment, the NAV of the Units issued under the Scheme can go up or down depending on the factors and forces affecting the securities markets.

Source : Equity Bulls

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