Canara Robeco AMC’s Rs 1,326 crore IPO opens for subscription. The mainboard issue is a pure offer for sale of 49.9 million shares, with no fresh issue component. The fund house, a joint venture between Canara Bank and ORIX Corporation Europe, will see Canara Bank pare its stake by 13%, while ORIX will offload 23.93 million shares. The company raised Rs 398 crore from anchor investors, including marquee names such as SBI MF, ICICI Prudential MF, Nippon India MF, Kotak MF, Franklin Templeton, HSBC MF, Motilal Oswal MF, PineBridge Global, Aditya Birla Sun Life, Kotak Life, and Bajaj Allianz Life. Catch Nandita Khemka in conversation with Rajnish Narula, MD & CEO, Canara Robeco AMC on the post IPO roadmap and growth plans.
Canara Robeco's initial public offering will open for retail investor subscriptions on October 9, while anchor investors can submit their bids on October 8
Investments in mid-cap funds can create wealth over the long term despite volatility in the short term. However, investors should avoid investing in CRMF till it builds a track record
Pharmaceuticals, consumer staples, telecom, and utilities have been less impacted by the COVID-19 pandemic.
We remain invested in Healthcare, IT, select FMCG and exporters to protect portfolio from meaningful downside volatility.
With swelling bank deposits due to demonetisation and likelihood of bank deposit rates remaining subdued will prompt savers move their money from banks to other financial assets like mutual funds and insurance, said Avnish Jain, Head-Fixed Income, Canara Robeco Mutual Fund.
Canara Robeco Infrastructure Fund Announces Dividend, the record date for declaration of dividend is August 26, 2016
In an interview to CNBC-TV18 personal finance expert, Hemant Rustagi of Wiseinvest Advisors shared insights on how one should invest in the market.
High interest cost is not the main culprit behind the depressed business sentiment; once things start moving at the policy level, you will see companies starting to invest even at these rates of interest,†Jain told moneycontrol.com in a free-wheeling chat.
The mutual fund industry has seen its share of ups and downs recently, but the tide seems to be turning. This year net inflows have increased drastically and things are looking up once again. The industry itself is starting to look good. But what's looking good for you as an investor?
CNBC-TV18’s panel of experts Anish Kumar, Regional Southern Head of Canara Robeco and Kartik Zaveri, Certified Financial Planner spoke to Elan Dutta and answered all queries regarding to MFs.
In an interview with CNBC-TV18, Anish Kumar, southern regional head, Canara Robeco and Hemant Rustagi, head, Wise Invest Advisor, speak about investing in mutual funds.