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K Liquid pays weekly dividend

Kotak Mutual Fund has paid a dividend of 0.141 % in the weekly dividend option of K Liquid Plan with a record date of June 18, 2001. The fund has doled out an aggregate dividend of 5.39% over 37 weeks till date.

K Liquid is an open-end short-term debt fund launched in October 2000. Without missing focus on high liquidity of the portfolio, the fund has been an above average performer in its short tenure which has coincided with two rate cuts and has posted a return of 6.69 % since launch.