Canara Robeco Mutual Fund launches Canara Robeco Banking and PSU Debt Fund

NFO period: 29^th July – 12^th August, 2022

Highlights of the NFO:

• Scheme type – An open-ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds. A relatively high interest rate risk and moderate credit risk


• Investment objective – To generate income and/or capital appreciation through a portfolio of high quality debt and money market instruments issued by entities such as Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However, there is no assurance that the objective of the fund will be realised.


• Product suitability – The product is suitable for investors who are seeking Income/ Capital appreciation over short to medium term by investing in debt and money market instruments issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds.


• 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. Avnish Jain


• Benchmark – CRISIL Banking and PSU Debt Index