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Kotak 30 declares 30% dividend

July 22nd, 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.

Entry Filed under: Mutual Funds, Dividend Announcements, Kotak Mutual Fund