Posts filed under 'Canara Robeco Mutual Fund'

Two funds gets merged with Canara Robeco Equity Diversified

Canara Robeco Mutual Fund has announced the merger of two of its existing mutual fund schemes - Canara Robeco Expo and Canara Robeco Fortune 94 with Canara Robeco Equity Diversified Scheme. The effective merger date is April 23, 2008 and existing investors who wish to exit from scheme can do so without any load by April 23, 2008.

The Scheme was initiated in 16th September, 2003 and its objectives are “To generate capital appreciation by investing in equity and equity related securities.”. The scheme’s porfilo has top investment in sectors like Petroleum Products (14.78%), Power (12.76%), Industrial Capital Goods (12.28%), Ferrous Metals (7.90%), Construction (7.14%), Other Equity (38.71%) and MMI & Others (6.43%)

The scheme benchmarks with the BSE 200 and the most recent dividend declaration is on 31.08.2007 for Rs. 3.00 per unit.

Add commentApril 10th, 2008

CanBank Mutual Fund Maturity Plan 13 Months Series-1

CanBank Mutual Fund has come up with an NFO for its first fixed maturity plan. The scheme is called CanFixed Maturity Plan 13 Months Series-1.

The NFO for this opens on March 16, 2007 and closes on March 23, 2007. The fund will having a duration of 13 months.

As you may recall reading our previous posts on the concept of fixed maturity plans, these plans are generally recommended for people having a surplus of money which they can put to investment and get a fixed safe returns at the end of the tenure. People in the higher level of tax bracket can use this option for their investments instead of putting them into a bank fixed deposit. As you may know, returns on fixed deposits attract higher tax compared to Fixed Maturity plans of mutual funds. The level of safety is of course varies a bit when comparing both.

Add commentMarch 17th, 2007


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