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Mangalore , July 13

CANBANK Mutual Fund has declared 25 per cent dividend under Canexpo scheme, an open-ended equity-oriented sectoral scheme.

A Canbank Mutual Fund press release said here that this is the first dividend during the current financial year under income plan. The investment objective of Canexpo scheme is to achieve capital appreciation by predominantly investing in equities of companies with substantial forex earnings.

The release said that August 2 has been fixed as the record date for income distribution. The books of the scheme shall remain closed on August 3 and 4.

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