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Alliance Cash Manager Declares Dividend

Alliance Cash Manager, a short-term debt fund has declared a weekly dividend of 0.123 per cent (Rs 1.23 per unit on the face value of Rs 1,000). The record date for the same was February 20, 2002. The fund's one-month return of 0.60 per cent marginally lags the category average return of 0.62 per cent, as on February 20, 2002.

The fund has recently reduced the minimum application amount from Rs 10 lakh to Rs 1 lakh, with effect from December 20, 2001.