Financial Daily from THE HINDU group of publications
Saturday, Jul 13, 2002
Financial Daily from THE HINDU group of publications Saturday, Jul 13, 2002 |
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Markets
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Mutual Funds Dividend for Cangilt investors Our Bureau
MANGALORE, July 12 CANBANK Mutual Fund has declared the eleventh tranche of its income distribution in the Cangilt (PGS) scheme under the income plan. Investors under the scheme are now eligible for 3 per cent on the face value of Rs 10. According to a press release issued by Canbank Investment Management Services Ltd here today, this is the first dividend during the current financial year. The cumulative distribution made by the scheme so far comes to 32.25 per cent since the launch of the scheme on December 22, 1999. The net assets of the scheme have crossed the Rs 300-crore mark. July 18 has been fixed as the record date for the current tranche of income distribution. All the unit holders whose names appear in the register as on the record date are eligible for this tranche. Cangilt (PGS) applicants under fresh investment schemes are eligible for the tranche if their investments are realised on or before July 18. Books of the scheme will remain closed between July 19 and 20 for this purpose. The net asset value of the scheme is Rs 10.4242 (income plan) and Rs 14.3333 (growth plan) as on July 10, the press release has added.
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