Kotak Mutual Fund has declared dividend under dividend option of Kotak Quarterly Interval Plan -Series 1. The record date for the same is March 23, 2009. The fund house has decided to distribute up to 100% distributable surplus as dividend on the record date on the face value of Rs 10 per unit.

The scheme as on March 16, 2009 recorded a NAV of Rs 10.1802 per unit. Kotak Quarterly Interval Plan -Series 1 is a debt oriented interval scheme with an objective to generate returns by investing in debt as well as money market instruments with a view to significantly reduces the interest rate risk.