Kotak declares dividend under QIP Series 7

Kotak (MF) has declared dividend under the dividend option of Kotak Quarterly Interval Plan Series 7 (Kotak QIP Series 7). The record date for dividend is May 22, 2014.The quantum of dividend will be the entire appreciation in Net Asset Value (NAV) of dividend option until May 22, 2014 on the face value of Rs 10 per unit. The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.