NFO Alert: Canara Robeco Mutual Fund launches Canara Robeco Manufacturing Fund; all you need to know

livemint.com:

capital appreciation by investing predominantly in equities and equity-related instruments of companies engaged in the manufacturing theme. However, there can be no assurance that the investment objective of the scheme will be realized.

Also Read: NFO Alert: Zerodha Fund House launches Zerodha Gold ETF Investors can invest under the scheme with a minimum investment of ₹5000 per plan/option and in multiples of Re 1.

There is no upper limit for investment. Under normal circumstances, the asset allocation of the scheme will be as follows:Indicative allocations (% of total assets)MinimumMaximumHigh/Medium/Low80%100%Very High0%20%Very High0%20%Low to Moderate0%10%Very High To date, many asset management companies (AMCs) have launched such manufacturing funds, thus, allowing inclined investors to avail of returns corresponding to the total returns of the securities in this particular index.

These include:Mutual Fund HouseName of the FundNavi Mutual FundNavi Nifty India Manufacturing Index FundKotak Mahindra Mutual Fund Kotak Manufacture in India FundBank of India Mutual FundBank of India Manufacturing & Infrastructure FundICICI Prudential Mutual FundICICI Prudential Manufacturing Fund The performance of the scheme will be benchmarked against the S&P BSE India Manufacturing TRI. As approved by the Board of Directors/Trustees the scheme has currently selected the above-mentioned benchmark based on the investment pattern/objective of the scheme and the composition of the Index.

The investment manager may revise the same to a more appropriate benchmark index, if any, as and when formulated by competent agencies. AMC may give its comments/perception on the comparison of returns and benchmarks if desired.