21% dividend announced by Kotak Mahindra Mutual Fund 28/04/2015

21% dividend announced by Kotak Mahindra Mutual Fund
28/04/2015 09:48
Kotak Mahindra Mutual Fund has announced 21 per cent dividend under dividend payout option of scheme named as “Kotak Emerging Equity Scheme - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is April 28. The latest NAV of the scheme is Rs 21.59. The investment objective of the open ended equity diversified scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities, by investing predominantly in mid and small cap companies. The performance of the scheme was benchmarked against S&P BSE Mid-Cap. Pankaj Tibrewal is the fund manager of the scheme.