Income Distribution Announced for Canara Robeco Mutual Fund Schemes

Canara Robeco Mutual Fund, an asset management company (AMC) that provides a range of mutual fund schemes designed to support investors in building and growing their wealth has declared income distribution under select schemes, offering details for investors to stay informed about their portfolios. Here’s a breakdown of the key announcements.

Distribution Details

Canara Robeco Mutual Fund has declared income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option for several of its funds, covering both regular and direct plans. Here’s a breakdown of the funds and the dividend payouts (Rs/unit):

Highlights

• Record Date: The income distribution will consider unit holders registered as of November 29, 2024.

• Tax Implications: Dividends received are taxable in the hands of investors as per applicable tax slabs.

• Growth vs. IDCW: Investors may choose between the IDCW and Growth options based on their financial goals. IDCW can provide periodic cash flow, whereas the Growth option allows the investment to compound.

What is Income Distribution?

Income Distribution cum Capital Withdrawal (IDCW) refers to payouts made by mutual fund schemes, sourced from realized gains or surplus. Investors receive this distribution based on their units held as of the record date.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.