Canara Robeco Manufacturing Fund NFO: Key details you need to know

20 Feb 2024 , 02:04 PM

Canara Rebeco Mutual Fund is launching NFO under its “sector category”, named as Canara Robeco Manufacturing Fund. The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equities and equity related instruments of companies engaged in the Manufacturing theme.

Investment strategy: The AMC will follow an active investment style supported by in-house research. Essentially, the focus would be on fundamentally strong companies with scope for good growth over time.

Asset allocation: The scheme aims to invest in a portfolio of predominantly equity & equity related securities of companies engaged in the Manufacturing theme.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in manufacturing stocks should invest in Canara Robeco Manufacturing Fund. 

Risk associated: Very high level of risk.

Benchmark: S&P BSE India Manufacturing TRI.

Fund Managers: Mr. Pranav Gokhale and Mr. Shridatta Bhandwaldar

The NFO is available for subscription from February 16 to March 01. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Canara Robeco Manufacturing Fund.