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Change in exit load under Kotak Mahindra Mutual Fund


Kotak Mahindra Mutual Fund has decided to change the exit load of following schemes with effect from July 20, 2015:

Scheme NameCurrent Exit LoadNew Exit Load
Kotak 501% if redeemed within 18 months from the date of allotment1% if redeemed within 1 year from the date of allotment
Kotak Emergimg Equity1% if redeemed within 2 years from the date of allotment1% if redeemed within 1 year from the date of allotment
Kotak Monthly Income Plan1% if redeemed within 3 years from the date of allotment1% if redeemed within 1 year from the date of allotment

The fund house has also announced dividend under Kotak Q Interval Series 5 Reg-D and Kotak Q Interval Series 5 Direct-D.

The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as July 20, 2015