Canara Robeco Mutual Fund to launch new equity fund NFO

Canara Robeco Asset Management Company Limited has announced the launch their new fund offer (NFO), Canara Robeco Focused Equity Fund – an open-ended equity the scheme, investing in a maximum of 30 stocks in large-cap, mid cap, and small-cap companies across diversified sectors.

The 15-day NFO period starts from Friday, April 23, 2021 and closes on Friday, May 7, 2021.

The new scheme, Canara Robeco Focused Equity Fund, has the objective of taking a concentrated exposure in not more than 30 high conviction stocks across market capitalization, and would aim for improved risk-adjusted return characteristics while yet staying diversified.

Mr. Mohit Bhatia, Head – Sales & Marketing, said: “The Fund tends to benefit from active allocation to select best ideas with the aim to achieve optimal portfolio diversification across sectors to manage risk.

This product maybe well suited for Investors looking for potential capital gains over medium to long term through investment in a market capitalization agnostic equity portfolio.

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