Canara Robeco Mutual Fund launches Canara Robeco Balanced Advantage Fund

NFO period: 12^th July – 26^th July, 2024

Highlights of the NFO:

• Scheme type – An open-ended Dynamic Asset Allocation Fund


• Investment objective – The fund aims to generate long-term capital appreciation with income generation by dynamically investing in equity and equity related instruments and debt and money market instruments. 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 Long term capital appreciation with income generation by investing in a dynamically managed portfolio of equity & equity related instruments and debt & money market 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 and Income Distribution cum capital withdrawal option (Reinvestment of Income Distribution cum capital withdrawal option and Pay-out of Income Distribution cum capital withdrawal option).


• Fund Managers – Mr. Shridatta Bhandwaldar, Ms. Ennette Fernandes, Ms. Suman Prasad and Mr. Amit Kadam


• Benchmark – CRISIL Hybrid 50+50 - Moderate Index