Effective November 10, 2010, Kotak Mutual Fund has revised the exit load under Kotak Bond Short Term Fund.
Earlier the exit load used to be 0.50 percent if redeemed within 182 days from the date of allotment. Now, it will be 0.50 percent if redeemed within 90 days.
Kotak Mutual Fund has also declared dividend in the dividend option of Kotak Quarterly Interval Plan Series 6. The quantum of the declaration will be 100 per cent of the distributable surplus as available under the plan(s) on the record date. The record date is November 9, 2010.
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