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Friday, April 24, 2009

Canara Robeco MF declares dividend

Record date for dividend is 28 April 2009

Canara Robeco Mutual Fund has declared 28 April 2009 as the record date for dividend distribution under Canara Robeco Fixed Maturity Plan-2 (13 Months). The fund house has decided to distribute 100% distributable surplus as dividend as on the record date.

Canara Robeco Fixed Maturity Plan-2 (13 Months) recorded NAVs of Rs 11.0509 per unit under retail plan and Rs 11.1102 per unit under institutional plan as on 22 April 2009.

The investment objective of Canara Robeco Fixed Maturity Plan-2 (13 Months) is to seek to generate returns by investing in fixed income debt securities, the maturity of which would be in tune with the maturity of respective plans/series so as to insulate the portfolio from the interest rate volatility, if investors remain in the scheme till maturity.

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