Financial Daily from THE HINDU group of publications
Tuesday, Mar 16, 2004
Financial Daily from THE HINDU group of publications Tuesday, Mar 16, 2004 |
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Markets
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Mutual Funds Canbank MF declares dividends Our Bureau
Mangalore , March 15 CANBANK Mutual Fund has declared dividends in Canequity Taxsaver, Canpremium, Cancigo, and Can Short-term Plan schemes under the income plan. A press release said that the third dividend of 15 per cent on a face value of Rs 10 has been declared in the Canequity Taxsaver scheme. The aggregate dividend under Canequity Taxsaver, which is an equity-linked tax saving scheme, is 30 per cent during the current fiscal. In the Canpremium scheme, it has declared the third dividend of 10 per cent on a face value of Rs 10. The aggregate dividend in Canpremium, which is a debt-oriented balanced scheme, is 25 per cent during the current fiscal.The release said that third dividend of 6.25 per cent on a face value of Rs 10 has been declared in Cancigo scheme. The aggregate dividend in Cancigo, which is an open-ended debt scheme, is 18.75 per cent during the current fiscal.In the Can Short-term Plan, it has declared the maiden dividend of 1.5 per cent on a face value of Rs 10. The release said March 26 is the record date for income distribution of these schemes.
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