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Friday, January 30, 2009

Canara Robeco MF introduces new option

With effect from 2 February 2009

Canara Robeco Mutual Fund introduces growth plan and dividend plan under the Canara Robeco Equity Tax Saver Fund. The dividend plan further offers dividend payout and reinvestment option, with effect from 2 February 2009.

Existing unit holders may note that their existing investments will be held under dividend payout option under the dividend plan as default plan/option.

The above mentioned plans/ options will be available for fresh investments with effect from 2 February 2009 and such investments will be subject to a statutory lock in period of three years from the date of allotment in terms of the rules and regulations governing the Equity Linked Savings Scheme (ELSS).

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