Canara Robeco Focused Equity Fund

Canara Robeco Focused Equity Fund details

Canara Robeco Asset Management Co. Limited launched new fund offer Canara Robeco Focused Equity Fund. It is an open-ended equity scheme that invests in a minimum of 30 stocks in large, mid, and small-cap companies across diversified sectors.

The offer will close on May 7, 2021. It will re-open for subscription on May 18, 2021. Besides, the scheme will manage by Shri Datta Bhandwaldar, head of equities at Canara Robeco MF.

Further, the scheme may suitable for investors who looking for potential capital gains in the medium to long term.

Besides, the investors’ investment principal will be at very high risk.

Basic Details of NFO:

NFO Name Canara Robeco Focused Equity Fund
Subscription Period April 23, 2021 – May 7, 2021
NFO Type Open-Ended equity scheme
Benchmark S&P 500 – TRI
Fund Manager Shri Datta Bhandwaldar

Canara Robeco’s NFO remains available in direct and regular plans along with growth and IDCW options. Moreover, the S&P 500 – TRI act as a benchmark to the scheme.

Offer for Units of face value Rs. 10 per unit during the New Fund Offer and Continuous offer for Units at NAV-based prices.

Investment Objective:

The investment objective of the scheme is to generate long-term capital appreciation by investing in equity and related instruments across the market capitalization of up to 30 companies.

Minimum Investment:

During the NFO period, the minimum application amount should at Rs. 5,000 and in multiples of Re. 1 thereafter. Moreover, the additional purchase amount fixed at Rs. 1,000 and in multiples of Re. 1 thereafter.

The entry load structure does not apply under the scheme. But, the exit load remains at 1% if redeemed/switched out within 365 days from the date of allotment.

Asset Allocation Pattern:

Instruments Indicative allocations (% of net assets) Risk Profile
Minimum Maximum
Equity and Equity related instruments 65 100 Medium to High
Debt and Money Market instruments 0 35 Low to Medium
Units issued by REITs and InvITs 0 10 Medium to High
Units of MF schemes 0 5 Medium to High
Equity Exchange Traded Funds 0 10 Medium to High

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Please read the offer document carefully and consult your investment adviser before investing.

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