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Alliance Mutual Pays Dividend in Two Debt Funds


Alliance Mutual Fund has paid dividends in its two debt funds namely:-Alliance MIP (DM and DQ options) and Alliance Cash Manager. The record date for dividend in above funds was October 31, 2001.

Alliance Monthly Income Plan (MIP) has paid a dividend of 0.6 per cent (Rs 0.06 per unit) and 1 per cent (Rs 0.1 per unit) in its monthly and quarterly dividend options, respectively. Since its launch in July 1999, the fund has paid an aggregate dividend of 31.21 per cent over 23 monthly payouts and 31.55 per cent over 10 quarterly payouts. Alliance Cash Manager has paid a weekly dividend of 0.132 per cent (Rs 1.32 per unit on the face value of Rs 1000).