A new fund offer (NFO) named Canara Robeco Focused Equity Fund has been launched by Canara Robeco Asset Management Company Limited. It is an open-ended equity 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. The Fund Manager adopting this approach would identify businesses with sustainable and high growth opportunity, and quality, and scalable earning potential, to be a part of the new scheme portfolio. Canara Robeco Focused Equity Fund would have an active portfolio management, with both market cap and sector agnostic portfolio construct approach, with optimum weight allocation.
The minimum investment amount in the NFO will be Rs 5,000 and multiples of Re 1.00 thereafter for Lumpsum investors and for SIP Rs. 1,000 and multiple of Re. 1.00 thereafter. Canara Robeco Focused Equity Fund NFO opens on April 23 and would close on May 7. The new scheme re-opens on May 18.
