MASTER MIND FINNASSET: Canara Robeco Agribusiness Fund Files Offer Document With Sebi

Friday, March 29, 2013

Canara Robeco Agribusiness Fund Files Offer Document With Sebi

An open ended Equity Scheme

Canara Robeco Mutual Fund has filed offer document with Sebi to launch Canara Robeco Agribusiness, an open ended equity scheme. The New Fund Offer price is Rs 10 per unit.

Investment objective: The investment objective of the fund would be to generate long term capital appreciation from a diversified portfolio of companies focusing on food & agricultural space. However, there can be no assurance that the investment objective of the scheme will be realized.

Options: The Scheme offers Growth Option and Dividend Option (Dividend Re-investment and Dividend payout)

Benchmark: The scheme's performance will be benchmarked against the S&P BSE 500.
Loads: Entry Load – Nil

Exit Load: 1%- for all amounts if redeemed / switched-out within 1 year from the date of allotment.

Minimum Application Amount: Rs. 5,000.00 and multiples of Re.1.00 thereafter

Minimum Target Amount: Rs. 10 crores

Asset Allocation: The scheme shall invest 65%-100% in units of Equity and Equity related instruments of Companies in Food & Agriculture space. Invest upto 35% will be invested in Equity & equity related instruments of Companies other than the above and shall invest upto 35% in domestic debt and money market instruments.

Fund Manager: Mr Ravi Gopalakrishnan

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