Posts filed under 'Kotak Mutual Fund'
Kotak Tax Saver from Kotak Mutual Fund has announced a dividend of 35%. The record date for the dividend distribution will be taken on February 8, 2008. Kotak Tax Saver is an ELSS Tax Saver Mutual Fund.
This is the second time that the scheme is announcing a dividend. The earlier dividend announcement was for 30% announced in February last year.
Kotak Tax Saver has Krishna Sanghavi, Anurag Jain as its fund manager and has a corpus of Rs. 466.26 Crores. Its first allotment on November 23, 2005.
The scheme as Petroleum Products, Textile Products, Construction, Finance and Banking as the top five sectoral holdings. Financial Services, Construction, Energy, Metal & Metal Products form the top 4 sectoral holdings. (as of Dec 31, 2007)
NAV of the scheme as of February 1, 2008 is as follows:
Kotak Tax Saver-Scheme-Dividend: Rs. 15.579
Kotak Tax Saver-Scheme-Growth: Rs. 19.579
February 4th, 2008
NSE Press Release
The units of KOTAK – Gold Exchange Traded Fund shall be admitted to dealings on the Exchange w.e.f. August 8, 2007 (Symbol: KOTAKGOLD). Trading shall be in the Normal Market Segment – Compulsory Demat (Rolling Settlement) for all investors. The ISIN corresponding to these units is INF373I01015.
August 7th, 2007
Kotak 30 Fund has announced a dividend of 30% (i.e. Rs 3 per unit on the face value of Rs 10) for investors under the dividend option. July 20, 2007 will be taken as the record date for the dividend. Kotak 30 is a aims at generating capital appreciation by investing in equity and equity related instruments.
The fund is open for allotments since Dec 29, 1998 and has a corpus of Rs. 400.36 Crores. Mr. Krishna Sanghvi is its fund manager. The fund has put 12.5% assets into Software, 11.9% into Banks, 10.8% in Telecom - Services, 10% in Industrial Capital Goods amongst others.
July 22nd, 2007
Kotak Mahindra is coming up with a fund targeted at Islamic investors from the West Asia region. Titled Shariah Fund will wrap in a ‘local tie-up’ and aims at mobilizing $150-$200 million. With this, the fund would become the first Shariah-compliant fund that would tap the underlying Indian assets.
Ajay Bagga of Lotus India too seems to be aggressive. Having already launched a series of funds so far, Ajay is now focusing on expanding the AMC’s fund offerings. In an interview to a business daily, he quoted, “The fund house has also filed for a gilt fund and is looking at launching longer-term debt funds.” The AMC is also working on expanding its retail portfolio by expanding and increasing its penetration.
June 20th, 2007
Kotak Mahindra Mutual Fund has recently filed the draft offer documents for its upcoming 3 year close ended equity scheme called Kotak Global Emerging Market Fund.
The investment objective of the scheme is to provide long-term capital appreciation by investing in one or more overseas mutual fund scheme / schemes investing in a diversified portfolio of securities in global emerging markets.
Accord to the document filed by them, the scheme is suitable for long-term investors with a higher risk appetite and who wish to supplement existing holdings with exposure to investment opportunities in globally emerging economies.
MSCI Emerging Market Index will be taken as the Benchmark Index
Growth, Dividend Reinvestment and Dividend Payout options will be available for investors.
Minimum Investment size is Rs.5000 and minimum redumption will be Rs. 1000 or 100 units.
March 15th, 2007