Canara Robeco Mutual Fund launches Canara Robeco Overnight Fund

NFO period: 19^th July – 23^rd July, 2019

Highlights of the NFO:

• Scheme type – An open-ended debt scheme investing in overnight securities


• Investment objective – The investment objective of the scheme is to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities. However, there can be no assurance that the investment objective of the scheme will be realized.


• Product suitability – The product is suitable for investors who are seeking regular income over short term that may be in line with the overnight call rates. By investing in overnight securities.


• Minimum Application Amount – First investment Rs. 5,000/- and multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option & Daily Dividend Reinvestment Option.


• Fund Managers – Ms. Suman Prasad


• Benchmark – CRISIL Overnight Fund Index