Kotak Mahindra Mutual Fund changed the fund managers of two its schemes. Deepak Gupta has replaced Pankaj Tibrewal as fund manager of Kotak Tax Saver Fund.
Abhishek Bisen and Deepak Gupta will manage Kotak multi Asset Allocation fund, which was earlier managed by Bisen and Tibrewal.
The change will be effective from September 10, 2013.
The fund house also announced dividend under the dividend option of Kotak Q Interval Series 1. The quantum of dividend shall be the entire distributable surplus as on record date- September 11, 2013.