Date:16/12/2005 URL: http://www.thehindubusinessline.com/2005/12/16/stories/2005121603191400.htm

Back Canbank Mutual pays 2.25% under Cangilt PGS

Our Bureau

MANGALORE: Canbank Mutual Fund (CMF) has declared a dividend of 2.25 per cent (inclusive of tax) in its Cangilt PGS scheme.

A press release said here on Wednesday that December 30 is the record date for income distribution. All the unit holders whose names appear in the register as on the record date are eligible for the income distribution.

The Cangilt PGS scheme seeks to provide risk free return (except interest rate risk) and long-term capital appreciation by investing only in Government securities.

On December 12, the net asset value of the scheme was Rs 10.3190 under the income plan.