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Kotak Tax Saver announces 35% dividend

February 4th, 2008

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

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