Mumbai: Canara Robeco Mutual Fund is set to merge its close-ended Canara Robeco Multicap Fund into its open-ended Canara Robeco Equity Diversified Fund with effect from February 3, 2012.
Canara Robeco Multicap launched as a five year close ended equity scheme opened for subscription on December 6, 2006 and closed on January 8, 2007. Allotment of units was made on February 2, 2007. The redemption of the scheme is due on February 2, 2012.
Canara Robeco Multicap Fund will be wind up with effect from February 2, 2012. There will be no changes in the features of Canara Robeco Equity Diversified Fund post the merger.
All the existing unit holders under transferor scheme can redeem or switch (to any other open ended scheme of Canara Robeco Mutual Fund) by submitting a request to the AMC between January 4, 2012 and February 2, 2012. There will be no exit load on such redemptions/switches.
