Canara Robeco MF launches new plan under India Opportunities
14/11/2014 11:20
Canara Robeco Mutual Fund has launched a new close ended equity scheme named “Canara Robeco India Opportunities” with maturity period of 3 years from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on November 28. 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 options available under the plan of the scheme are Growth and Dividend Payout option. The performance of the scheme will be benchmarked against CNX Midcap. Ravi Gopalakrishna will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate capital appreciation will be met by investing in a portfolio of mid and small cap equity and equity related instruments, large cap equity and equity related instruments, micro cap equity and equity related instruments and debt and money market instruments. Hence, the scheme will allocate 65 to 90 per cent of asset in mid and small cap equity and equity related instruments, 10 to 35 per cent of asset in large cap equity and equity related instruments, 0 to 5 per cent of asset in micro cap equity and equity related instruments and 0 to 25 per cent of asset in debt and money market instruments.
14/11/2014 11:20
Canara Robeco Mutual Fund has launched a new close ended equity scheme named “Canara Robeco India Opportunities” with maturity period of 3 years from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on November 28. 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 options available under the plan of the scheme are Growth and Dividend Payout option. The performance of the scheme will be benchmarked against CNX Midcap. Ravi Gopalakrishna will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate capital appreciation will be met by investing in a portfolio of mid and small cap equity and equity related instruments, large cap equity and equity related instruments, micro cap equity and equity related instruments and debt and money market instruments. Hence, the scheme will allocate 65 to 90 per cent of asset in mid and small cap equity and equity related instruments, 10 to 35 per cent of asset in large cap equity and equity related instruments, 0 to 5 per cent of asset in micro cap equity and equity related instruments and 0 to 25 per cent of asset in debt and money market instruments.
