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Canara Robeco Mutual Fund has launched Canara Robeco Balanced Advantage Fund, an open-ended Dynamic Asset Allocation Fund. The NFO opens for subscription on July 12, 2024 and closes on July 26, 2024. The Entry Load is nil for the scheme. The Exit load will be 1% - if redeemed/switched out above 12% of allotted units within 365 days from the date of allotment, Nil - if redeemed/switched out upto 12% of allotted units within 365 days from the date of allotment and No Exit Load - if redeemed/switched out after 365 days from the date of allotment. The minimum subscription amount is Rs 5,000 and multiples of Re. 1 thereafter.

The performance of the Scheme is measured against CRISIL Hybrid 50+50 - Moderate Index and its fund managers are Shridatta Bhandwaldar, Ennette Fernandes, Suman Prasad and Amit Kadam.

The investment objective of the scheme is to generate long-term capital appreciation with income generation by dynamically investing in equity and equity related instruments and debt and money market instruments.