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Friday, November 14, 2014

Canara Robeco MF Launches Canara Robeco India Opportunities Fund

NFO period is from 14 November to 28 November 2014

Canara Robeco Mutual Fund has launched a new fund named as Canara Robeco India Opportunities Fund, a close ended equity scheme. The tenure of the scheme is 3 years (1095 days) from the date of allotment of units. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 14 November and close on 28 November 2014. 

The investment objective of the scheme is to generate capital appreciation by investing predominantly in equity and equity related instruments of mid cap companies. 

The scheme offers two options viz. growth and dividend payout option. 

The scheme shall invest 55-90% in mid- and small cap equity and equity related instruments, 10-45% in large cap equity and equity related instruments, up to 5% in micro cap equity and equity related instruments with high risk profile and up to 35% in debt and money market instruments with low risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. 

Entry load: Nil. 

Exit load: Not applicable. 

Benchmark Index for the scheme is CNX Midcap. 

The fund manager of the scheme will be Ravi Gopalakrishnan-Head Equities. He will also manage the debt portion of the scheme. 
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