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Last Updated : Aug 19, 2016 09:48 PM IST | Source: PTI

Canara Robeco AMC launches Capital Protection Oriented Fund

Canara Robeco Asset Management Company (AMC) has launched Canara Capital Protection Oriented Fund, Series-7.


Canara Robeco Asset Management Company (AMC) has launched Canara Capital Protection Oriented Fund, Series-7.


The 1,096-day close-ended capital protection oriented fund, is open for subscription from today till September 2, and will be benchmarked against Crisil MIP Blended Index. The scheme will be listed on the National Stock Exchange, a company statement said here.


The scheme follows a passive investment strategy for the fixed income component of the scheme wherein the investments would be made only in the highest rated fixed income securities with the objective of capital protection, it said.

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The equity component of the scheme will be primarily invested in diversified equity and equity-related instruments that have a potential to appreciate in the long run. The asset allocation of the scheme will be 70-100 per cent in debt and money market instruments and 0-30 per cent in equity and equity linked instruments, the statement said.

"The fund offers a one stop solution to investors. The fund invests in a blend of debt and equity whereby, it secures the capital by investing in debt instruments with an opportunity to gain from the exposure to equities," Canara Robeco AMC Head-Equities, Ravi Gopalakrishnan said.


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First Published on Aug 19, 2016 09:32 pm
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