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Kotak Mutual Fund: Revision in Minimum subscription amount and dividend declaration

Kotak Mutual Fund has revised the minimum subscription amount for SIP under Kotak Select Focus Fund to ₹5000 with minimum 10 installments of ₹500 each. Presently it is, ₹1000 with minimum 6 installments of ₹100 each.

The revised SIP dates are 1st, 7th, 10th, 14th, 15th, 21st, 25th & 28th of the month or quarter. Presently it is, 1st, 7th, 14th, 21st, 25th & 28th of the month or quarter.

The change shall be effective from September 01, 2014.

Kotak Mahindra Mutual Fund has announced dividend under the dividend option of Kotak Q Interval Series 7. The quantum of dividend shall be the entire distributable surplus as on record date.

The record date has been fixed as August 21, 2014.