Canara Robeco Mutual Fund is launching a new fund offering named “Canara Robeco Multi Cap Fund”, An open-ended equity scheme investing across large cap, mid cap, small cap stocks.
The NFO will be open for subscription from July 07th, and will end on July 21st, 2023. Scheme will re-open for continuous Sale and Repurchase on or before August 04th, 2023. With minimum investment of Rs. 5000, Both a Regular Plan and a Direct Plan are available.
About Canara Robeco Mutual Fund
Canara Robeco Mutual Fund is India’s oldest mutual fund, having been founded in December 1987 as Canbank Mutual Fund. Canara Bank then teamed with Robeco in 2007, and the mutual fund was renamed Canara Robeco Mutual Fund. Since then, it has continuously been one of India’s fastest growing mutual funds in terms of AuM, increasing 94% year on year between March 2009 and March 2010. Our solutions include diverse and thematic equity schemes, hybrid and monthly income funds, as well as a wide choice of debt and treasury products.
Canara Robeco Mutual Fund has 22 primary schemes as of February 2023. 9 of the 20 schemes are debt funds, 9 are equity funds, and 2 are hybrid funds. The fund owns 1.51% of the industry’s AUM. The firm provides a wide range of investing options, including diversified and thematic stock plans, hybrid and monthly income funds, and a wide range of debt and treasury products. As of April 2023, the top mutual fund schemes of the AMC were Canara Robeco Blue-chip Equity Fund, Canara Robeco Flexi Cap Fund, and Canara Robeco Equity Hybrid Fund.
Canara Robeco Multi Cap Fund – NFO Detail
| Type of Offer | NFO (New Fund Offer) |
| Fund House | Canara Robeco Mutual Fund |
| Name of the Fund | Canara Robeco Multi Cap Fund |
| Type of Scheme | Open-ended |
| Category of Scheme | Equity multi cap |
| NFO Starts | 07-July-2023 |
| NFO Ends | 21st July-2023 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs. 5000 |
| Plans | Regular, Direct |
| Options | Growth, IDCW |
| Entry Load | Not Applicable |
| Exit Load | 1% |
| Investment Manager | Canara Robeco Asset Management Company Ltd. |
| Fund Manager | Mr. Vishal Mishra and Mr. Shridatta Bhandwaldar |
Canara Robeco Multi Cap Fund NFO – Scheme Objective
The investment objective of the scheme is to generate long-term capital appreciation through diversified investments in equity & equity related instruments across large cap, mid cap, and small cap stocks.
Canara Robeco Multi Cap Fund NFO – Who Can Invest?
This product is suitable for investors who are seeking*:
- To generate long term capital appreciation/income.
- Investments predominantly in equity and equity related securities of large cap/mid cap/small cap companies.
How Will the Scheme Allocate Its Asset
- 75-100% in *Equity and Equity related instruments in the following manner:
- 25-50% in Large Cap Companies**
- 25-50% in Mid Cap Companies**
- 25-50% in Small Cap Companies**
- 0-25% in Debt securities and money market instruments.
- 0-10% in Units issued by REITs and InvITs.
Where Will the Scheme Invest?
Subject to the Regulations, the corpus of the Scheme may be invested in all or any one of (but not exclusively) the following securities:
- Equity and equity related instruments – including preference shares, convertible bonds and debentures and warrants carrying the right to obtain equity shares.
- Debt Instruments – include Govt. of India securities (zero coupon or coupon bearing Bonds), State Govt. Bonds, Bonds issued by local Govt., Govt. Agencies and other statutory bodies (with or without Govt. Guarantee), Bonds of Public Sector Undertakings, Debentures issued by public, private sector undertakings, Financial Institutions with or without ratings, Usance Bills (Bills of Exchange drawn on a term governed by the usage in trade or between the companies involved).
- Securitised Debt – The scheme may invest in domestic securitized debt such as asset backed securities (ABS) or mortgage backed securities (MBS).
- Money Market Instruments – include Commercial Papers, Commercial Bills, Treasury Bills, Government Securities having an unexpired maturity up to one year, Call or Notice Money, Certificate of Deposit, Usance Bills, TREPS, Repos & Reverse Repos in Government Securities/Treasury Bills, Bills rediscounting, MIBOR Instruments, alternative investment for the call money market as may be provided by the RBI to meet the liquidity requirements and any other Money market instruments specified by SEBI/RBI from time to time.
- Pass through Certificate (PTC)- (Pay through or other Participation Certificates) represents beneficial interest in an underlying pool of cash flows. These cash flows represent dues against single or multiple loans originated by the sellers of these loans. These loans are given by banks or financial institutions to corporations. PTCs may be backed, but not exclusively, by receivables of personal loans, car loans, two-wheeler loans and other assets subject to applicable regulations.
- Derivative – instruments like index futures, stock futures, index options, stock option, warrants, convertible securities, Interest Rate Futures, Interest Rate Swaps, Forward Rate Agreements, or any other derivative instruments that are permissible or may be permissible in future under applicable regulations.
- REITs / InvITs: The scheme may invest in Units issued by REITs and InvITs as per SEBI guidelines.
- Units of MF schemes and Equity Exchange Traded Funds (ETFs).
Canara Robeco Multi Cap Fund NFO – SID (Scheme Information Document)
Please click here to read the SID (Scheme Information Document) of this upcoming NFO scheme.
How to Invest?
Visit this page on the AMC website for further detail and investment.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
