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Kothari Pioneer declares dividends for three Debt Funds

Kothari Pioneer has declared dividends in three debt funds -- Income Builder Account (IBA), Treasury Management Account (TMA) and Monthly Income Plan (MIP). For KP-IBA and KP-MIP, the record date is June 25, 2001 while it is June 21, 2001 for KP-TMA.

KP Income Builder Account (IBA) an open-ended medium term-debt fund, will pay a dividend of 1% (Rs.0.10 per unit) in its monthly option while the payout is 3%(Rs 0.30 per unit) in the quarterly plan. The fund has paid an aggregate dividend of 22.4% and 22.5% under the 21 monthly and 7 quarterly payouts since its launch in June 1997.

The weekly plan of Treasury Management Account (TMA) will pay 0.154% (Rs.1.54 per unit of a face value Rs 1000). This cash fund has paid aggregate dividend of 13.75% over 80 weekly payouts since its launch in April 1998

The Monthly Income Plan (MIP) has given a 0.75% dividend (Rs 0.075 per unit) and another 2.25% (Rs 0.225 per unit) in its monthly and quarterly options.

The Fund, since its launch in September 2000 has doled out aggregate dividend of 5.85% and 4.95% under 7 monthly and 2 quarterly payouts.