Kotak Mahindra Mutual Fund has announced a 50 per cent dividend (Rs.5 per unit) in the dividend option of Kotak Mahindra 30 Unit Scheme. The record date for this dividend is January 31, 2004. Since inception the fund has declared four dividends. A dividend of 20 per cent each was declared in December 1999, October 2000 and October 2003 and a 10 per cent dividend was distributed in December 2001.
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