Canara Robeco MF Declares Dividend

Canara Robeco Mutual Fund has approved the declaration of dividend under the dividend option of Canara Robeco CIGO Fund (Income Plan). The record date for dividend is set as 30 3 December 2007. The quantum of dividend under scheme will be Rs. 0.70 per unit i.e. 7%. The NAV for the scheme was Rs. 13.28 as on 27 November 2007. Canara Robeco CIGO fund is an open-ended debt scheme with an objective to generate income by investing in debt instruments MMI and small portion in equity. The scheme does not charge any entry load. It charges an exit load of 0.50% if the investment is less than Rs 5 lakh and that too redeemed before 6 months.