Canara Robeco launches capital protection fund

Our Bureau Mumbai | Updated on February 12, 2011

Canara Robeco Mutual Fund has announced the launch of a three-year capital protection oriented fund — Canara Capital Protection Oriented Fund, — Series 1- 36 months (Plan A).

The fund opens for subscription on February 11 and closes on February 24, said a release from the fund house. The minimum application amount for the fund during the NFO period is Rs 5,000.

“This fund will try to capture the current rates of interest in the debt portion of the portfolio while the equity portion is expected to deliver returns,” said Mr Ritesh Jain, Head Fixed Income, Canara Robeco Asset Management.

The benchmark for the fund is the Crisil MIP Blended Index.

The fund will invest around 75-100 per cent of its corpus in debt and money market instruments, while it will invest 0-25 per cent in equity and equity-related instruments.

Published on February 10, 2011

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