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MANGALORE: Canbank Mutual Fund has declared 20 per cent dividend in Canganga, an open-ended equity oriented balanced scheme.

A press release by the Canbank Investment Management Services Ltd said here that this income distribution is tax-free in the hands of investors.

February 23 has been fixed as the record date for the income distribution. The books of the scheme will remain closed on February 24 and 25. All unit holders whose names appear in the register as on record date are eligible for this tax free income distribution. The NAV of the scheme is Rs 13.67 as on February 9.

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