CANARA ROBECO MID CAP FUND NFO


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

  • Lumpsum Investment Rs.5000 and in multiples of Re.1 thereafter. Subsequent purchases: Minimum amount of Rs.1000 and multiples of Re.1 thereafter.

  • Systematic Investment Plan (SIP) For any date / monthly frequency Rs.1000 and in multiples of Re.1 thereafter. For quarterly frequency – Rs 2000 and in multiples of Re 1 thereafter.

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.

scheme-information-document-(sid)---canara-robeco-mid-cap-fund
.pdf
Download PDF • 1.34MB
 
 
 

For any query, please fill your details below, we will contact to you shortly, or you can call us on 9837346090

 

You can also contact us via WhatsApp

You can join to us on telegram

 

*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.