Mumbai: Canara
Robeco Mutual Fund has launched an open ended debt scheme, Canara Robeco Yield
Advantage Fund. The new fund offer will be open from April 1, 2011 to April 15,
2011.
The investment objective of the scheme will be to generate regular income by
investing in a wide range of debt securities and money market instruments of
various maturities and risk profile and equities and equity related
instruments. The scheme will allocate 90 to 100 per cent of assets in Indian debt and money market instruments with low risk profile. It would further allocate up to 10 per cent of assets in
equity & equity related instruments with high risk profile.
The minimum
application amount will be Rs 5,000 and the scheme will charge 1 per cent as
exit load if units are redeemed
within 1 year from the date of allotment.
The scheme will be Ritesh Jain, Head – Fixed Income. It will be
benchmarked against CRISIL MIP Blended Index.
