Two funds gets merged with Canara Robeco Equity Diversified
April 10th, 2008
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.
Entry Filed under: Mutual Funds, Canara Robeco Mutual Fund
Leave a Comment
Some HTML allowed:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>