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Canara Robeco eyes ₹500 cr from focused fund NFO April 21, 2021 The open-ended equity scheme will invest in a maximum of 30 stocks Canara Robeco Asset Management Company is aiming to raise ₹500 crore through its new fund offer (NFO) on Focused Equity Fund. The 15-day NFO period starts on Friday and closes on May 7. The fund will have the BSE-500 index as its benchmark. The open-ended equity scheme will invest in a maximum of 30 stocks in large- mid- and small-cap companies across diversified sectors. It aims to provide a higher risk-adjusted return while staying diversified. The fund manager adopting this approach, would identify businesses with sustainable and high growth opportunity, and quality, and scalable earnings potential, to be a part of the new scheme portfolio. ....
Focused funds beat other schemes in returns × ICICI Prudential tops the list with 49 per cent returns, followed by Mirae Asset at 46% The sharp rally in the equity market during the last few months has focused funds delivering much better returns than other category of mutual fund schemes. As per the SEBI Scheme categorisation mandate, the portfolio in focused fund should be not more than 30 stocks. The objective of focused funds is to deliver higher returns by investing in a limited number of high conviction stocks with strong growth prospects. During the pandemic, the fund manager steered the focus of the portfolio on themes that could benefit from the disruption caused by Covid pandemic. The focus was to invest in companies with strong balance sheets and better earnings visibility. ....
Alger Expands Retirement Plan Offerings with High-Conviction, Focused Large Cap Collective Investment Trust Share Article Alger today announced the expansion of its Collective Investment Trust (CIT) offerings with Alger Focus Equity CIT, a focused portfolio of approximately 50 high-conviction, large capitalization stocks. We believe it’s important to offer retirement plan clients a choice when it comes to investments in their plans. NEW YORK (PRWEB) February 18, 2021 Fred Alger Management, LLC (“Alger”), a $43 billion growth equity investment manager, is pleased to announce the expansion of its Collective Investment Trust (CIT) offerings with Alger Focus Equity CIT, a focused portfolio of approximately 50 high-conviction, large capitalization stocks. ....