Kotak Mahindra MF announces dividend

Chennai, Mar 11 (UNI) Kotak Mahindra Mutual Fund today announced tax-free dividend of Rs two per unit (on a face value of Rs ten per unit) in Kotak Opportunities.

The dividend record date would be March 14, a company release here said.

Dividend distribution was subject to the availability and adequacy of distributable surplus. After the distribution of dividend, the NAV would fall to the extent of the dividend and distribution taxes, if any.

The investment objective of Kotak Opportunities was to generate capital appreciation from a diversified portfolio of equity and equity related securities, the release added.

UNI SNR GD 1800