Canara Robeco has filed a draft for mid-cap NFO in SEBI on 23/09/2021 and possibly NFO opens in next few days. This scheme is an open-ended equity scheme, predominantly investing in mid-cap stocks.
For whom this Fund is suitable?
This product is suitable for investors who are seeking:
- Long term capital appreciation
- Investments predominantly in equity and equity related instruments of madcap companies.
What is the investment objective?
The investment objective of the scheme is to generate capital appreciation by investment 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.
What are the plans/Options?
- Regular Plan
- Direct Plan
both have (a) Growth & (b) IDCW options.
What is the minimum investment criteria?
- Lump sum Investment: Rs.5000.00 and in multiples of Rs.1.00 thereafter.
- SIP / STP / SWP: Rs. 1000.00 and in multiples of Rs.1.00 thereafter. And for quarterly frequency: Rs.2000.00 and multiples of Rs.1.00 thereafter.
Benchmark: Nifty Mid-cap 150 TRI
How will the scheme allocate its assets?
Under regular situation, the asset allocation of the scheme will be as follows.
- Equity & Equity related instruments of mid-cap industries- 65% to 100%, risk profile is High.
- Equity & Equity related instruments of companies other than mid-cap companies- 0% to 35%, risk profile is high.
- Debt & Money market instruments- 0% to 35%, risk profile is Medium to Low.
- Units issued by REITs & InvTs- 0% to 10%, risk profile is Medium to High.
- Investment in Derivatives can be up to 40% of the Net Assets of the Scheme.
- The Scheme may invest in foreign securities up to 10% of the net assets of the scheme.
- The stock lending done by the scheme up to 25% of the net assets of the scheme as on the date of such lending.
- Investment done by the scheme in ADR's / GDRs shall not exceed 10% of the net assets of the scheme as on the date of such investments.
Where will the scheme invest?
- Equity & Equity related instrument
- Debt Investments
- Foreign Securities
- Security Debt
- Money Market Investments
- Pass through Certificate
- Derivatives
- REIT's / InvIT's.
Can scheme invest in other schemes?
- The scheme may invest in another scheme under the same asset management company or in other mutual fund without charging any fees up to 5% of NAV of the mutual fund.
- The scheme shall not make any investment in any fund of fund scheme.
Who manages the scheme?
Mr. Shridatta Bhandwaldar, [B.E.(Mechanical), M.M.S (Finance)], manages the fund. He has 15 years of experience and also manages 9 other funds.
Risk-O-Meter
