Kotak Mahindra MF declares dividend

Kotak Mahindra Mutual Fund has announced a dividend of 30% (i.e. Rs 3 per unit on the face value of Rs 10) under the dividend option of Kotak 30. The record date for the dividend has been fixed as 20 July 2007.This is the tenth dividend payout from the fund. Prior to this, the fund had declared a 55 % dividend in December 2006. The scheme launched with an objective to generate capital appreciation from a portfolio of predominantly equity and equity related securities with investment in generally not more than 30 stocks.