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Canara Robeco Mutual Fund has launched Canara Robeco Mid Cap Fund, an open-ended equity scheme that aims to invest in mid cap companies.
The fund will be co-managed by Shridatta Bhandwaldar, Head - Equities & Fund Manager, Canara Robeco MF and Ajay Khandelwal, Fund Manager, Canara Robeco MF.
Commenting on the launch, Rajnish Narula, MD & CEO, Canara Robeco MF said, “The fund would offer an attractive opportunity to create wealth over the long term through both the lumpsum and SIP mode of investment. Mutual fund investors who are comfortable displaying patience to ride market volatility, keeping an investment horizon of over five years, may benefit from risk adjusted returns.”
Shridatta Bhandwaldar, Head - Equities & Fund Manager, Canara Robeco MF added, “The rising number of earnings growth leaders in the last few years within the midcap segment, with dominant 75% of these businesses depending on domestic factors, offering better risk-adjusted returns from under-researched companies in the emerging themes and sectors, make for an attractive investment proposition in the midcap segment.”
Canara Robeco Mid Cap Fund NFO is open for subscription and closes on Nov 25, 2022.
