Kotak Mahindra Mutual Fund Announces 40% Dividend in Kotak Balance

Mumbai, Maharashtra, India

Kotak Mahindra Mutual Fund today announced tax-free dividend of Rs. 4.00 per unit (on a face value of Rs. 10/- per unit) in Kotak Balance. The Dividend record date is March 25, 2008. Dividend distribution is subject to the availability and adequacy of distributable surplus. After the distribution of dividend, the NAV will fall to the extent of the dividend and distribution taxes, if any.

The investment objective of Kotak Balance is to achieve growth by investing in equity & equity related instruments, balanced with income generation by investing in debt & money market instruments.

About Kotak Mahindra Mutual Fund:

Kotak Mahindra Mutual Fund is in the business of asset management, by providing investors with smart financial products, which are aimed at enhancing customers' wealth, along with services that make the investing process easier. The company has a history of innovative products and services behind it, and has led the way for the industry on many counts.

Set up in 1998, Kotak Mutual Fund currently manages assets worth Rs. 19731.48 crores contributed by over 8 lakh investors (as on 29thFebruary, 2008).

Kotak Balance is an Open-Ended Balanced Scheme.

Risk Factors:

Mutual Fund investments are subject to market risks; there is no assurance that the Scheme's objective will be achieved. NAV of the Scheme's Units can go up / down depending on factors & forces affecting securities markets. Past performance of Sponsor / AMC / Fund does not indicate the scheme's future performance. Kotak Opportunities is only the Scheme's name and does not indicate its quality, future prospects or returns.

Statutory:

Kotak Mahindra Mutual Fund is a Trust (Indian Trusts Act, 1882). Investment Manager: Kotak Mahindra Asset Management Company Ltd. Sponsor: Kotak Mahindra Bank Ltd. (liability Rs. NIL). Trustee: Kotak Mahindra Trustee Company Ltd.

Before investing, please read the Offer Document carefully.

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Press Release

Source: Kotak Mahindra Mutual Fund (Business Wire India)

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