Publish Date:
Canara Robeco Mutual Fund introduces – Canara Robeco Multi Cap Fund
It is open-ended equity scheme investing across large cap, mid cap, small cap stocks.
Accordingly, 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. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Under normal circumstances, Canara Robeco Multi Cap Fund will hold an allocation of 75% to 100% of its assets in Equity and Equity-related Instruments of Large, Mid and Small cap companies of which: Large Cap Companies will be 25% to 50%, Midcap Companies 25% to 50% and Small Cap Companies 25% to 50%. It will allocate 0% to 25% in Debt and Money Market Instruments and 0% to 10% in Units issued by REITs and InvITs.
As per the Scheme Information Document, Canara Robeco Multi Cap Fund will intend to build a well-diversified portfolio of companies present across sectors and market cap with a long-term perspective. As per the regulatory requirement, the investment in equity & equity related instruments would be a minimum of 25% of total assets each in large cap, mid cap and small cap stocks. 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.
[Read: How to Strategically Approach Equity Mutual Funds in Volatile Markets]
The investment emphasis of the scheme would be in identifying companies with strong competitive position in good business and which have quality management. The scheme may from time to time hold cash / cash equivalents for the purpose of derivative investments and for meeting liquidity requirements.
Canara Robeco Multi Cap Fund’s performance will be benchmarked against NIFTY 500 Multicap 50:25:25 Index TRI
The scheme will be managed by Mr Shridatta Bhandwaldar and Mr Vishal Mishra.
The NFO opens for subscription on July 10, 2023 and closes on July 21, 2023. The schemes will reopen for continuous sale and repurchase on or before August 04, 2023.
The fund's face value is Rs 10/- per unit. The minimum subscription amount is Rs 5,000/- and in multiples of Re. 1/- thereof.
The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.