Canara Robeco Mutual Fund has announced the declaration of dividend on the face value of Rs. 10 per unit under dividend option of Canara Robeco Equity Tax Saver. The record date for dividend has been fixed as 18 March 2011.
The quantum of dividend will be Rs. 1 per unit. The scheme recorded NAV of Rs. 18.32 per unit as on 11 March 2011.
Canara Robeco Equity Tax Saver is an open ended equity linked tax savings scheme with lock in period of 3 years. The investment objective of the scheme is to achieve long term capital appreciation by predominantly investing in equities to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961.
Source: http://www.indiainfoline.com/Markets/News/Canara-Robeco-MF-Declares-Dividend/3604110664
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