Canara Robeco Mutual Fund has launched the Canara Robeco Capital Protection Oriented Fund-Series 8, a close ended income scheme. The NFO opens for subscription on May 12, 2017 and closes on May 26, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000.
The scheme's performance will be benchmarked against CRISIL MIP Blended Fund Index and its fund managers are Shridatta Bhandwaldar and Suman Prasad.
The investment objective of the scheme is to seek capital protection by investing in high quality fixed income securities maturing on or before the maturity of the scheme and seeking capital appreciation by investing in equity and equity related instruments.