Wednesday, October 11, 2000
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KMMF declares dividend forK 30 equity scheme 

UNITED NEWS OF INDIA  
Mumbai: Kotak Mahindra Mutual Fund (KMMF) has declared a dividend of Rs 2 per unit (20 per cent on a face value of Rs 10 per unit) for its K 30 equity scheme. The record date set for the declaration of the dividend was October 9, 2000. The cum-dividend NAV of the scheme was Rs 17.556. KMMF had announced an exit load of 1.25 per cent for all investors entering the scheme between the October 3 and October 9 and exiting the scheme between the 10th and the 31th of the month. The scheme offers a dividend payout and a dividend reinvestment option. This is the second dividend declared in the scheme and follows the first dividend of Rs 2 per unit declared in December 1999, according to a news release.

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