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Canara Robeco Mutual Fund (MF) has launched the Canara Robeco Value Fund, an open-ended equity scheme following a value investment strategy. The NFO opens for subscription on August 13, 2021, and closes on August 27, 2021. The Entry load nil for the scheme. The Exit Load is 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 5,000 and in multiples of Re 1.00 thereafter.

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

The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instrument, with higher focus on value stocks.