Canara Robeco Mutual Fund cuts minimum amount for SIP Top-up facility to Rs 100

The changes will be effective from January 1, 2024. The fund house informed the change to its investors through an addendum.

The existing minimum top-up amount for SIP Top-up facility is Rs 500 and in multiples thereof.

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View Details» Particulars
Existing provision
Revised provision
Minimum Top Up amount for SIP Top-UP Facility
Minimum Top — up amount for the said facility will be Rs 500 and in multiples thereof. In case the Top-Up amount is not mentioned but the upper limit is included in the application/mandate form, the default top — up amount will be Rs 500
Minimum Top — up amount for the said facility will be Rs 100 and in multiples thereof. In case the Top-Up amount is not mentioned but the upper limit is included in the application/mandate form, the default top — up amount will be Rs 100

This addendum shall form an integral part of the scheme information document (“SID”) and key information memorandum (“KIM”) of schemes and statement of additional information (“SAI”) of Canara Robeco Mutual Fund as amended from time to time, the fund house said.

The fund house also stated that the revision will be implemented prospectively and shall remain in force till further notice.
All other terms and conditions of SID, KIM and SAI will remain unchanged.

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