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Canara Robeco Mutual Fund (MF) has launched the Canara Robeco Focused Equity Fund, an open-ended equity scheme investing in maximum of 30 stocks in large cap, mid cap and small cap companies. The NFO opens for subscription on April 23, 2021, and closes on May 07, 2021. The Entry load is nil for the scheme. The Exit Load will be 1%, if redeemed/switched out within 365 days from the date of allotment and nil, if redeemed/switched out after 365 days from the date of allotment. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The performance of the Scheme will be benchmarked with S&P BSE 500 TRI and its fund manager is  Shridatta Bhandwaldar.

The investment objective of the scheme is to generate long term capital appreciation/income by investing in equity and equity related instruments across market capitalization of up to 30 companies.