Canara Robeco Mutual Fund has launched Canara Robeco Focused Equity Fund which will invest in a maximum of 30 stocks across market capitalization.
The objective of the fund is to take a concentrated exposure in high conviction stocks.
Shridatta Bhandwaldar, Head – Equities and fund manager of the scheme said, “The investment approach to our focussed equity fund would be three-pronged, one would be to identify leaders who have highest market share and industry-leading return on equity (ROE), second would be to identify challengers who have the possibility of superior earnings growth v/s leaders due to market share gains and third is identifying new themes, stocks and sectors which are witnessing cyclical tailwinds. Emerging themes and cyclical tailwind beneficiaries will benefit alpha generation due to meaningful earnings deviations.”
Currently, Shridatta is managing Canara Robeco Bluechip Equity Fund, Canara Robeco Flexicap Fund, and Canara Robeco Equity Hybrid Fund.
The NFO of the fund opens on April 23 and closes on May 7.
