Friday, July 10, 2009

Canara Robeco Mutual Fund Changes Announces - July 10, 2009

Canara Robeco Mutual Fund has proposed to change/add sub options under dividend option of Canara Robeco Short Term Fund with effect from 15 July 2009 as under:

Retail plan: Existing Growth and dividend (payout facility and reinvestment facility as sub option).

Revised: Growth and dividend (introduction of weekly dividend option with dividend every Wednesday of the week and reinvestment facility as sub options).

Conversion of existing dividend option to monthly dividend option with payout facility at last Wednesday of the month and reinvestment facility as sub options.

Institutional plan: Existing Growth and dividend (payout facility and reinvestment facility as sub option).

Revised: Growth and dividend (introduction of weekly dividend option with dividend every Wednesday of the week and reinvestment facility as sub options).

Conversion of existing dividend option to monthly dividend option with payout facility at last Wednesday of the month and reinvestment facility as sub options.

The investment objective of Canara Robeco Short Term Fund is to generate income from a portfolio constituted of short to medium term debt and money market securities.

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