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Alliance MIP and Monthly Income Debt Pays Dividend


Alliance MIP (Monthly Income Plan) has paid a dividend of 1.0 percent (Re 0.10 per unit) in its monthly dividend option. The record date for the same was April 30, 2002. In the calendar year 2002, the fund has paid an aggregate dividend of 5.1 percent spread over 4 consecutive payouts. Last month, the fund paid its highest dividend of 2.5 percent.

A dividend of 0.70 percent (Re 0.07 per unit) has also been declared in the Alliance Monthly Income Debt Scheme. The record date for the payment of dividend was April 30, 2002. This is the second dividend from the fund since its launch in January 2002. It paid its first dividend of 3 percent in April 01, 2002.