Kotak Mahindra Fund has declared 0.2820 per cent dividend under monthly dividend payout option of scheme named as “Kotak Multi Asset Allocation Fund”, on the face value of Rs 10 per unit. The record date for the dividend was September 12.
The NAV of scheme as on September 13, 2012 was at Rs 10.83. The investment objective of ‘Kotak Multi Asset Allocation Fund’, an open ended debt income scheme, was to generate income by investing predominantly in debt and money market securities, to generate growth by taking moderate exposure to equity and equity related instruments and provide diversification by investing in Gold ETFs.
The performance of the scheme was standardized against Crisil MIP Blended Index and Abhishek Bisen was the fund manager of the scheme.