
Canara Robeco Mutual Fund file draft document for balanced advantage fund
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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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-108429802»>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
