Mumbai, Mar 19: Kotak Mahindra Mutual Fund today announced tax-free dividend of Rs. 4.00 per unit (on a face value of Rs. 10/- per unit) in Kotak Balance.
The dividend record date is March 25, 2008. Dividend distribution is subject to the availability and adequacy of distributable surplus. After the distribution of dividend, the NAV will fall to the extent of the dividend and distribution taxes, if any. The investment objective of Kotak Balance is to achieve growth by investing in equity and equity related instruments, balanced with income generation by investing in debt and money market instruments.