The investment objective of the scheme will be to generate long-term capital appreciation with income generation by dynamically investing in equity and equity related instruments and debt and money market instruments.
The NFO of Canara Robeco Manufacturing Fund is open and closes on March 1. Investors can start with ₹5,000 in this fund, and the scheme will be benchmarked to the S&P BSE India Manufacturing TRI Index. An exit load of 1% will be levied for redemptions before one year. The fund will be managed by Pranav Gokhale and Shridatta Bhandwaldar.
For the last 60 years, manufacturing as a percentage of GDP has been between 14 and 18 percent, but that is now changing, says Canara Robeco’s Bhandwaldar
Canara Robeco Mutual Fund announced the launch of the Canara Robeco Manufacturing Fund. The scheme opened for public subscription on February 16, 2024, and will close on March 01, 2024.