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Introduction of Daily Dividend Option in Kotak Floater Short Term Fund

Kotak Mutual Fund has announced the introduction of daily dividend reinvestment option under Kotak Floater Short Term Fund, effective from October 22, 2007. The minimum application amount will be Rs 1 Lakh for the above mentioned scheme.

Currently, the fund just offers a growth option, weekly dividend reinvestment option and monthly dividend reinvestment option.