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Weekly dividends in Cash Funds

Kotak Mahindra and Reliance Mutual Fund have paid weekly dividends in their short-term debt funds-: K Liquid and Reliance Liquid Fund.

K-Liquid paid a weekly dividend of 0.140% (Rs 0.0140 per unit). The record date for the same was July 2, 2001. The fund has posted a simple return of 7.02 per cent since its launch in October 2000.

Reliance Liquid Fund paid a dividend of 0.152 per cent (Rs 0.0152 per unit) in its Treasury Plan. The record date for the same was June 29, 2001. Launched in March 1998, the fund has posted an annualised return of 8.19 per cent as on June 29, 2001.