10% div announced under Kotak Mahindra 50 Unit Scheme 09/12/2014

10% div announced under Kotak Mahindra 50 Unit Scheme
09/12/2014 10:30
Kotak Mahindra Mutual Fund has announced 10 per cent dividend under dividend payout option of scheme named as “Kotak Mahindra 50 Unit Scheme” on the face value of Rs 10 per unit. The record date for the dividend is December 12. The latest NAV of the scheme is Rs 44.03. The investment objective of the equity-diversified 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 upto 59 companies at any point of time. The performance of the scheme is benchmarked against CNX Nifty Index. Harish Krishnan is the fund manager of the scheme.