A new fund offer (NFO) has been launched by Canara Robeco Asset Management Company Limited – Canara Robeco Value Fund. It is an open-ended equity scheme that would follow a value investment strategy, to invest in businesses that are trading at a price less than their intrinsic values and are expected to realise their true worth in the future. Canara Robeco Value Fund NFO would open on August 13 and close on August 27. The new scheme re-opens for ongoing investment from September 6.
The minimum investment amount in Canara Robeco Value Fund NFO will be Rs 5,000 and multiples of Re 1.00 thereafter for Lumpsum investors and for monthly SIP Rs 1,000 and multiples of Re 1.00, thereafter.
Canara Robeco Value Fund would identify and select undervalued businesses, based on various financial parameters as well as the valuation techniques for arriving at the company’s Intrinsic Value. Canara Robeco Value Fund would then construct portfolio keeping in mind opportunity size and risk limits defined for the portfolio. The portfolio construction process will be aided by various in-house quant models with an aim to invest in businesses that have potential to do well due to robust fundamentals.