Canara Robeco Mutual Fund has launched Canara Robeco Multi Cap fund, an open-ended equity scheme investing across large cap, mid cap, small cap stocks. The new fund offer of the scheme is open for subscription and will close on July 21. The scheme will reopen for subscriptions / redemptions, within five business days from the date of allotment, which is on or before August 4. The performance of the scheme will be benchmarked against Nifty 500 Multicap 50:25:25 Index TRI. The scheme will be managed by Shridatta Bhandwaldar and Vishal Mishra.
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View Details »The investment objective of the scheme is to generate long-term capital appreciation through diversified investments in equity and equity related instruments across large cap, mid cap, and small cap stocks. The scheme will intend to build a well-diversified portfolio of companies present across sectors with a long-term perspective. The fund may follow a bottom-up approach towards analysing and investing in individual companies and a top-down approach towards identifying and taking exposure across sectors. The investment emphasis of the scheme would be in identifying companies with strong competitive positions in good business and which have quality management. The scheme will invest 75-100% in equity and equity-related instruments of large, mid and small cap companies, 0-25% in debt and money market instruments, 0-10% in units issued by REITs and InvITs. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter. The scheme will offer a regular plan and direct plan – with growth and IDCW options. The scheme is suitable for
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