Canara Robeco MF launches “Canara Robeco Capital Protection Oriented Fund - Series 3”; NFO to close on September 02/09/2014


Canara Robeco MF launches “Canara Robeco Capital Protection Oriented Fund - Series 3”; NFO to close on September
02/09/2014 11:02
Canara Robeco Mutual Fund has launched a new close ended capital protection oriented scheme named “Canara Robeco Capital Protection Oriented Fund - Series 3” with maturity period of 37 months from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on September 01 and will close on September 12. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The option available under the Plan of the Scheme is Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index. Krishna Sanghavi and Suman Prasad will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to seek capital protection will be met by investing in a portfolio of Indian debt instruments & money market instruments and equity & equity related instruments. Hence, the scheme will allocate 70 to 100 per cent of asset in Indian debt instruments & money market instruments and 0 to 30 per cent of asset in equity & equity related instruments.