Canara Robeco Mutual Fund has announced the launch of Canara Robeco Mid Cap Fund, an open-ended equity scheme which would predominantly invest in equity and equity-related instruments of mid cap companies, with the objective of generating capital appreciation over a longer term of five period
The new fund offer (NFO) is available for subscription till November 25, 2022.
Investment Objective
The investment objective of the Scheme is to generate capital appreciation by investing predominantly in equity and equity related instruments of mid cap companies. However, there can be no assurance that the investment objective of the scheme will be realized.
Investment Strategies
"Canara Robeco Mid Cap Fund aims to invest in mid cap companies that are at the confluence of industry growth, company growth and management pedigree," the AMC said.
According to the AMC: "Canara Robeco Mid Cap Fund would offer an attractive opportunity to create wealth over the long term through both the lumpsum and SIP mode of investment. Mutual Fund investors who are comfortable displaying patience to ride market volatility, keeping an investment horizon of over five years, may benefit from risk adjusted returns."
Further fund manager said: the portfolio would comprise three types of buckets. The first bucket will focus on high-growth companies by identifying leaders and domestic growth beneficiaries.
The second bucket would comprise companies with solid franchise durability, high cash-flow generation, low capital intensity, and minimal financial leverage.
The third bucket would focus on cyclical beneficiary companies with improved cash flows, higher return on capital, or industry cycle revival, fund manager added.
Benchmark
S&P BSE 150 Mid Cap Index TRI
Asset Allocation
Under normal circumstances, the asset allocation of the Scheme will be as follows:
Types of Instruments | Min/Max Indicative allocations (% of total assets) | Risk Profile |
|---|---|---|
Equity and Equity-related Instruments of Midcap companies* | 65-100 | Very High |
Equity and Equity-related Instruments of companies other than Midcap companies | 0-35 | Very High |
Debt and Money Market Instruments | 0-35 | Low to Medium |
Units issued by REITs and InvITs | 0-10 | Medium to High |
NFO Details
​Scheme Opens | 11th Nov 2022 |
Scheme Closes | 25th Nov 2022 |
Schemes reopen for continuous purchase/sale | 9th Dec 2022 |
Investment Objective | The investment objective of the Scheme is to generate capital appreciation by investing predominantly in equity and equity related instruments of mid cap companies. However, there can be no assurance that the investment objective of the scheme will be realized. |
Entry Load | Nil |
Exit Load | Exit Load: In respect of each redemption / switch-out of units, 1%-if redeemed/switched out within 365 days from the date of allotment. Nil-if redeemed/switched out after 365 days from the date of allotment |
Benchmark | S&P BSE 150 Mid Cap Index TRI |
Minimum Application Amount |
|
Fund Manager | Mr. Ajay Khandelwal, Mr. Shridatta Bhandwaldar |
Performance of existing Multicap Funds
Here is the performance of some existing midcap funds. This would give an idea to investors on how these funds have performed in medium to long term. Returns indicated here are annualized returns.
Scheme | Launch | 1 Yr Ret (%) | 3 Yr Ret (%) | 5 Yr Ret (%) | Click to see latest performence |
|---|---|---|---|---|---|
PGIM India Midcap Opportunities Fund | Dec-13 | -1.07 | 36.01 | 17.68 | |
Quant Mid Cap Fund | Mar-01 | 13.30 | 34.94 | 19.73 | |
SBI Magnum Midcap Fund | Mar-05 | 3.88 | 28.51 | 13.18 | |
Edelweiss Mid Cap Fund | Dec-07 | 2.21 | 26.18 | 14.03 | |
Mirae Asset Midcap Fund | Jul-19 | 0.37 | 25.82 | -- | |
Kotak Emerging Equity Fund | Mar-07 | 4.80 | 25.18 | 14.33 | |
Motilal Oswal Midcap Fund | Feb-14 | 12.20 | 25.01 | 14.74 | |
UTI Mid Cap Fund | Apr-04 | -1.92 | 24.85 | 11.71 | |
Nippon India Growth Fund | Oct-95 | 1.25 | 24.79 | 13.58 | |
HDFC Mid-Cap Opportunities Fund | Jun-07 | 6.92 | 24.59 | 12.19 |
Returns as on 11-Nov-2022
Suitability
This product is suitable for investors who are seeking*
Seasoned investors who are looking to invest in Mid-Caps as a part of their Asset Allocation.
Investors with a long-term investment horizon of 5 years and above.
Investors comfortable with volatility for market-beating returns over time
Investors seeking reasonable returns with high patience levels to ride the market volatility.
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*Investors should consult their financial advisors if in doubt about whether the product is suitable for them
Note: The above information has been sourced from the Scheme Information Document provided by CANARA ROBECO Asset Management. Read the entire document before investing, Disclaimer: Jaiprakash (ARN/Distributor - 70524; brand name Vasundhra Investment) is the distributor of the mutual fund. Please consult your investment advisor before investing
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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