Canara MF mergers its Multicap and Equity Diversified funds
Published on Tue, Jan 03, 2012 at 15:18 | Source : Moneycontrol.com
Updated at Tue, Jan 03, 2012 at 15:21
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Canara MF mergers its Multicap and Equity Diversified funds
Canara Robeco has announced the merger of Canara Robeco Multicap, a close ended equity scheme in to Canara Robeco Equity Diversified, an open ended equity scheme with effect from February 03, 2011.
On effect of merger, Canara Robeco Multicap will cease to exist with effect from the close of the business hours on 2nd February, 2012. The existing unitholders of the ceased scheme will be given an option to redeem or switch out their investments by submitting the duly filled up request at any Canara's Investor Relation Centers from 4th January, 2012 to 2nd February, 2012. No exit load shall be applied on such redemption/ switches
