Kotak Mutual Fund has announced a dividend of 55 per cent (i.e. Rs.5.50 per unit on a face value of Rs.10/-) under the dividend option of Kotak 30. The record date for the dividend is December 27, 2006.
This is the maximum quantum of dividend being declared by the fund till today. Earlier, the fund had declared 10 per cent dividend in December 2005.
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