Kotak Balance Fund announces dividend of Rs.0.75

Kotak Mutual Fund has announced dividend of Rs.0.75 on face value of Rs.10 per unit (7.5% per unit) in Kotak Mahindra Balance Unit Scheme 99 (Dividend Option).

The Record Date has been fixed as 29th September, 2010.

The NAV of the scheme was Rs 24.553 as on 22nd September, 2010. Dividend distribution is subject to the availability and adequacy of distributable surplus. After dividend distribution, the NAV will fall to the extent of payout and statutory levy, if applicable.

Mutual Fund and securities investments are subject to market risks and there is no assurance or guarantee that the objective of the Scheme would be achieved. As with any securities investment, the NAV of the Units issued under the Scheme can go up and down depending on the factors and forces affecting the securities markets. Past performance of the Sponsor/AMC/Fund or that of existing schemes of the Fund does not indicate the future performance of the Scheme.

Source : Equity Bulls

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