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Canbank MF announces dividends
MANGALORE: Canbank Mutual Fund has announced tax-free dividend of 20 per cent (face value of Rs. 10) under its income plan in the CanEquity Diversified Schemes. The NAV of the scheme is Rs. 12.56 (Income Plan) and Rs. 15.15 (Growth Plan) as on November 8, according to a release from Canbank. A tax-free dividend of 3 per cent (ace value of Rs. 10) has been announced under income plan in the Cancigo scheme. The NAV of the scheme is Rs. 10.48 (Income Plan) and Rs. 13.47 (Growth Plan) as on November 5, the release stated. All the unit holders whose names appear in the register as on record date of the respective schemes are eligible for this tax free income distribution. — Our Staff Correspondent
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