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Canara Robeco MF has launched Canara Robeco Multi Asset Allocation Fund, an open-ended hybrid scheme investing in equity, debt, gold ETFs and silver ETFs. The fund aims to capture the upside while reducing the downside impact.
The NFO opens on May 9 and closes on May 23.
The scheme will allocate 65-80% of the total assets towards equity, 10-25% towards gold and silver ETFs and 10-25% towards debt and money market instruments. The scheme may also invest in REITs and InvITs.
While speaking on the launch of the fund, Shridatta Bhandwaldar, Head-Equities, Canara Robeco MF said, “The fund aims to deliver reasonable returns with lower volatility over long term. The equity portion will provide long term capital appreciation while gold and silver ETF allocation will act as a hedge against inflation and uncertainty. Debt allocation will provide balance to the portfolio. We believe the fund can provide a strategic edge to investors and aim to give them an opportunity to potentially capture the upside whilst likely reducing the downside impact.”
Gaurav Goyal, Head – Sales and Marketing, Canara Robeco MF added, “The fund offers a smart solution for dynamic asset allocation, harnessing the power of 3 asset classes – equity, debt, and gold & silver ETFs – to provide investors with a dynamic mix. The fund could also be suitable for investors looking at regular cash flows using the SWP feature.”
The fund will be benchmarked against 65% BSE 200 TRI + 20% Nifty short duration debt index + 10% domestic price of gold + 5% domestic price of silver.
The equity portion of the fund will be managed by Amit Kadam and Ennette Fernandes while the fixed income portion of the fund will be managed by Kunal Jain.
In addition, the fund house has also launched a new rap song Multi Asset Allocation Fund (MAAF). The rap song showcases how MAAF strategy can help investors diversify their portfolio and build wealth over long term.
“Equity, Debt, and Gold and Silver ETFs can be three pillars of your portfolio - the launch of the rap song underlines this message. The rap song aims to inculcate the habit of disciplined investing among investors while emphasizing the importance of a diversified portfolio,” said Gaurav.
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