NFO Alert: Canara Robeco Mutual Fund establishes Canara Robeco Manufacturing Fund.Everything you need to know

Canara Robeco Mutual Fund has announced the launch of Canara Robeco Manufacturing Fund. The scheme will open for public recruitment on 16 February 2024 and close on 1 March 2024. The scheme will reopen for continued sales and buybacks on March 18, 2024.

What kind of mutual fund scheme is this?

This is an open-ended sectoral/thematic equity scheme with a manufacturing theme. This product is suitable for investors seeking:

• long term capital growth
• Investing in stocks and stock-related products of manufacturing-themed companies.

What is the main purpose of investing in this fund?

The scheme aims to generate long-term capital growth by investing in shares and share-related instruments of companies primarily engaged in the manufacturing industry. However, there can be no guarantee that the investment objectives of this plan will be realized.Also read: NFO Alert: Zerodha Fund House launches Zerodha Gold ETF

How can I invest in this system?

Investors can invest under this scheme with minimum investment amount. INR5,000 per plan/option in multiples of Re 1. There is no investment limit.

Under normal circumstances, the scheme’s asset allocation would be as follows:

Are there similar mutual funds in the market?

To date, many asset management companies (AMCs) have launched such manufacturing funds, allowing willing investors to take advantage of returns comparable to the total return of securities in this particular index. . These include:

How is the performance of this scheme benchmarked?

The performance of this scheme is benchmarked against the S&P BSE India Manufacturing TRI. With the approval of the Board of Directors/Trustees, the scheme has now selected the above benchmarks based on the investment pattern/objectives of the scheme and composition of the index. The investment manager may amend this if a more appropriate benchmark index is available, if established by the competent authority. AMC may provide comments/observations on comparison of returns and benchmarks as required.

Are there any ingress or egress loads to this scheme?

This scheme does not include an “entry load”. This means that investors do not have to pay anything to secure returns with this scheme. “Exit load” is calculated as follows:

– 1% – if redeemed/exchanged within 365 days from date of allocation.

– None – if redeemed/exchanged after 365 days from date of allotment.

Who will manage this plan?

Pranav Gokhale and Shridatta Bandwaldhar are the fund managers of the scheme.

Does the Fund involve any inherent risks?

As detailed in the scheme information document, the scheme involves “very high risk” and is ideal for investors who want to understand that their principal is only exposed to very high risk. However, investors should consult their financial advisor if they have any questions. whether the product is suitable for them.