Mutual fund house Canara Robeco has launched its India Opportunities Fund, a three-year close-ended scheme that will invest a minimum of 65 per cent of its corpus in equity mid- and small-caps and a minimum of 10 per cent in large caps which will be bench-marked against the CNX Midcap Index.
A maximum of 5 per cent will be in micro-cap equity and the balance in debt and money market.
The minimum application amount is ₹5,000 (and thereafter in multiples of ₹10) for units of face value of ₹10 each. The fund offers a dividend payout option and a growth option. The new fund offer opened on Friday and will close on November 28.
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