Canara Robeco Mutual Fund file draft document for balanced advantage fund

economictimes.indiatimes.com:

Canara Robeco Mutual Fund has filed a draft document with Sebi for a balanced advantage fund. Canara Robeco Balanced Advantage Fund will be an open-ended dynamic asset allocation fund.

The investment objective of the scheme will be to generate long-term capital appreciation with income generation by dynamically investing in equity and equity related instruments and debt and money market instruments.

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The scheme will offer regular and direct plans both with growth and IDCW options.
The minimum investment amount for lumpsum investment will be Rs 5,000 and multiples of Re 1 thereafter. The minimum investment amount for monthly SIP will be Rs 1000 and in multiples of Re 1 thereafter. For quarterly SIP, the investment amount will be Rs 2000 and in multiples of Re 1 thereafter.

The minimum redemption amount will be Rs 1,000 and in multiples of Re 1 thereafter or the account balance, whichever is lower.

The scheme will be benchmarked against CRISIL Hybrid 50+50 — Moderate Index. The scheme will be managed by Ennette Fernandes, Pranav Gokhale and Suman Prasad.

An exit load of 1% will be applicable if redeemed/switched out above 12% of allotted units within 365 days from the date of allotment. No exit load will be applicable if redeemed/switched out upto 12% of allotted units within 365 days from the date of allotment, and if