K-Liquid Revises Redemption Cut-off Time

Kotak Mahindra Mutual Fund has increased the cut-off time for redemption through the Internet till 4:00 p.m. as against 2:00 p.m. earlier. This will be effective from August 01, 2002. The same is true for the switch-out from the fund to any other fund of the AMC.

K-Liquid is an ultra short-term fund launched in October 2000. The fund's 3-month return of 1.75% is well above the category average return of 1.68%, as on July 26, 2002.