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Mangalore , March 3

CANBANK Mutual Fund has declared dividend of 25 per cent in the Canequity Tax Saver scheme.

A press release by Canbank Mutual Fund said here on Thursday that this income distribution is tax free in the hands of the investors. It added that March 18 has been fixed as the record date for income distribution.

The NAV of the scheme is Rs 16.84 as on March 1. After the payout of income distribution, the NAV will fall to the extent of the payout, the release added.

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