17
Jul
Canara Robeco Mutual Fund, India’s second oldest asset manager, announced the launch of its Canara Robeco Balanced Advantage Fund, an open-ended dynamic asset allocation fund aimed at optimizing market gains while minimizing risks. The New Fund Offer (NFO) will be open from July 12 to July 26, 2024. The fund, which will allocate at least 65% to equities to benefit from equity taxation, also invests in debt and money market instruments to cushion against market volatility. CEO Rajnish Narula highlighted the fund's objective to dynamically adjust exposure to equities and debt, targeting long-term capital appreciation and income generation.The asset allocation…
