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Reliance & Kotak pay Weekly Dividends in Cash Funds

Kotak and Reliance AMCs have paid dividends in their Cash Funds-: K-Liquid and Reliance Liquid Fund.

K-Liquid paid a weekly dividend of 0.137 per cent (Rs 0.0137 per unit) with a record date of July 9, 2001. Along with aggregate dividend of 5.58 per cent till date, the fund has posted a simple return of 7.29 per cent since its launch in October 2000.

Reliance Liquid Fund paid a weekly dividend of 0.156 per cent (Rs 0.0156 per unit) in its Treasury Plan. The record date for the same was July 6, 2001. Launched in March 1998, the fund has returned an annualized 8.25 per cent till date.