Canbank MF Declares Dividend For FMP

Canbank Mutual Fund has announced the declaration of dividend for Can Fixed Maturity Plan 1 Month Series II. The record date is set as 26 August 2007. The quantum of dividend will be 100 % of distributable surplus available on the record date. The NAV for the scheme was Rs. 10.056 as on 21 August 2007. The scheme launched with an objective to generate returns by investing in fixed income debt securities, the maturity of which would be tune with the maturity of the respective plans / series so as to insulate the portfolio from the interest rate volatility, if investors remain in the scheme till maturity.