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    HomeNewsBusinessMutual FundsKotak 50 declares dividend

    Kotak 50 declares dividend

    Kotak 50 has announced a dividend, for which the record date is on January 27, 2011.

    January 25, 2011 / 11:18 IST

    Kotak Mutual Fund has announced a dividend of 20% (Rs. 2.00 per unit on Face Value of Rs.10), under the dividend option of Kotak 50. The record date for the dividend as been fixed as January 27, 2011.


    All investors registered under the dividend option of Kotak 50 as on January 27, 2011 will receive this dividend. The NAV of the scheme under the dividend option as on January 24, 2011 was Rs 32.554. (Check out - Recent MF Dividends)


    Kotak 50,is an open ended equity scheme. The investment objective of the scheme is to generate capital appreciation from a portfolio of predominantly equity and equity related securities. The portfolio will generally comprise of equity and equity related instruments of around 50 companies which may go up to 59 companies but will not exceed 59 at any point in time.

    For more Mutual Fund News click here

    first published: Jan 25, 2011 11:14 am

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