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Canara Robeco Mutual Fund is launching a new equity fund, Canara Robeco Multicap Fund, that offers a diversified portfolio by investing across market caps.
The New Fund Offer (NFO) period for the Canara Robeco Multicap Fund is from 7th July 2023, to 21st July 2023. The scheme re-opens for continuous repurchases and sale on or before 4th August 2023.
Investment Objective: The fund aims to generate long-term capital appreciation through diversified investments in equity & equity related instruments across large cap, mid cap, and small cap stocks. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Canara Robeco Multicap Fund NFO Details
| Fund Name | Canara Robeco Multicap Fund |
| NFO Opening Date | 7th July 2023 |
| NFO Closing Date | 21st July 2023 |
| Re-open Date | 4th August 2023 |
| Type of Fund | Multicap Fund |
| Fund Manager | Mr Shridatta Bhandwaldar Mr Vishal Mishra |
| Minimum Investment Amount | INR 5,000 |
| Minimum Additional Purchase Amount | INR 1,000 |
| Exit Load | 0-1% |
| Suitability | Very High Risk |
| Benchmark | NIFTY 500 Multicap 50:25:25 Index TRI |
| Plans and Options | Direct and Regular PlanGrowth and Income Distribution cum Capital Withdrawal (IDCW) Option |
NOTE:
- All additional investment amounts should be multiple of INR 1
- Minimum SIP/SWP for Monthly frequency is INR 1,000.
Who Can Invest in Canara Robeco Multicap Fund NFO?
Canara Robeco Multicap Fund is a diversified equity mutual fund that best suits investors looking to invest in the equity sector. The scheme spreads its assets dynamically, providing exposure in all market caps (large, mid and small cap) at all times.
Therefore, investors who prefer a disciplined investment approach over timing the market can consider investing in the Canara Robeco Multicap fund. This multi-cap fund suits investors having an investment horizon of a minimum of 5 years or more, as it helps in long-term wealth creation.
Fund Manager
Mr Shridatta Bhandwaldar
Mr Bhandwaldar is the Head of Equities at Canara Robeco Asset Management Company Ltd. He also has a total experience of 17 years. He has been associated with Canara Robeco AMC Limited since July 2016. Before joining Canara Robeco AMC Limited, Mr Bhandwaldar worked as Head of Research/ Portfolio Manager with SBI Pension Funds Private Limited. He has also worked as Senior Equity Analyst with Heritage India Advisory Pvt Ltd, Research Analyst with Motilal Oswal Securities and Research Associate with MF Global Securities. He holds an MMS degree in Finance from Sydenham Institute of Management and B.E. degree from Government Engg College, Aurangabad.
Mr Vishal Mishra
Mr Mishra is an equity fund manager at Canara Robeco. Also, he has over 20 years of experience in equities and financial markets. Prior to joining Canara Robeco in May 2021, he worked with Daiwa Portfolio Advisory (India) Private Ltd., Daiwa Asset Management (India) Pvt Ltd, and Shinsei Asset Management (India) Pvt Ltd. He is an Associate Chartered Accountant and also holds a B.Com degree.
Asset Allocation
| Instruments | Minimum Allocation | Maximum Allocation | Risk Profile |
| Equity and Equity-related Instruments of Large, Mid and Small cap companies of which: | 75% | 100% | Very High |
| Large Cap Companies | 25% | 50% | Very High |
| Mid Cap Companies | 25% | 50% | Very High |
| Small Cap Companies | 25% | 50% | Very High |
| Debt and Money Market Instruments | 0% | 25% | Low to Medium |
| Units issued by REITs and InvITs | 0% | 10% | Very High |
Similar Mutual Funds
- ICICI Prudential Multicap Fund
- HDFC Multi Cap Fund
- Axis Multicap Fund
- Aditya Birla Sun Life Multi Cap Fund
- SBI Multicap Fund
Frequently Asked Questions
You can invest in the Canara Robeco Multicap Fund through any of the following methods:
Offline: By filling out the Canara Robeco NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS orthe Canara Robeco mutual fund office.
Online:
Canara Robeco Mutual Fund Website
Online FinTech platforms and mutual fund platforms
Through Demat account
Through a mutual fund distributor or agent
Yes, it is a very high-risk investment based on the riskometer. Canara Robeco Multicap Fund is a pure equity sector mutual fund that invests across companies with different market caps – large, mid and small-cap companies.
No, the Canara Robeco Multicap Fund has no lock-in period.
The Canara Robeco Multicap fund scheme re-opens for ongoing subscriptions, switches and redemptions on or before 4th August 2023.
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