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Canbank MF declares dividend on CanEquity
MANGALORE: Canbank Mutual Fund has declared an Income Distribution of 25 per cent on the face value of Rs. 10, on its CanEquity tax saver scheme, an open-ended equity linked savings scheme. This income distribution is tax-free in the hands of the investors, according to a release. The record date for the Income Distribution has been fixed as March 18. The NAV of the scheme is Rs. 16.84 as on March 1, and after the payout of Income Distribution the NAV will fall to the extent of the payout.
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