Canara Robeco Asset Management Company Limited launched their new fund offer (NFO), Canara Robeco Focused Equity Fund, an open-ended equity scheme, investing in maximum of 30 stocks in large cap, mid cap, and small cap companies across diversified sectors. The 15-day NFO period starts from April 23 and closes on May 7. The new scheme re-opens on May 18.
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 thereafter for Lumpsum investors and for SIP Rs. 1,000 and multiple of Re. 1 thereafter. S&P BSE 500 TRI would be the benchmark for Canara Robeco Focused Equity Fund.