Canara Robeco Asset Management Company Limited has announced the launch of new fund offer (NFO), Canara Robeco Focused Equity Fund – an open-ended equity 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.
Speaking on the rationale for launching Canara Robeco Focused Equity Fund (CRFEF), Mr. Mohit Bhatia, Head – Sales & Marketing, said: “We are happy to introduce our newest product in the category of Focused Equity Portfolio.
CRFEF is an open-ended equity scheme that takes concentrated exposure in not more than 30 high conviction stocks across market capitalization, depending on growth opportunities.
Mr. Nimesh Chandan, Head, Investment, Equities, said: “Canara Robeco Focused Equity Fund will have a portfolio of select high conviction ideas across sectors and market capitalization that is expected to generate healthy returns for the investors over medium to long term.