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Canara Robeco Mutual Fund (MF) has launched Canara Robeco Mid Cap Fund, an open-ended equity scheme predominantly investing in mid cap stocks. The NFO opens for subscription on November 11, 2022 and closes on November 25, 2022. 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, redeemed/switched out after 365 days from the date of allotment. The minimum subscription amount is Rs 5,000 and multiples of Rs 1 thereafter.

The performance of the scheme will be benchmarked to the performance of S&P BSE 150 Mid Cap Index TRI and its fund managers are Ajay Khandelwal and Shridatta Bhandwaldar.

The investment objective of the Scheme is to generate capital appreciation by investing predominantly in equity and equity related instruments of mid cap companies.