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17/10/2019 15:32

Kotak Mahindra Mutual Fund declares 0.3900% dividend

Kotak Mahindra Mutual Fund has announced 0.3900 per cent dividend under dividend payout option of scheme named as “Kotak Bond Short Term Plan - Regular Plan” on the face value of Rs 10 per unit.

The record date for the dividend was October 15. The latest NAV of the scheme is Rs 10.09.

The investment objective of the open ended debt scheme is to create a portfolio of debt and money market instruments of different maturities so as to spread the risk across a wide maturity horizon & different kinds of issuers in the debt markets.

The performance of the scheme was benchmarked against NIFTY Short Duration Debt Index. Deepak Agrawal is the fund manager of the scheme.