Canara Robeco Mutual Fund, India’s second oldest asset manager, today announced the launch of Canara Robeco Muti Asset Allocation Fund an open-ended hybrid fund aiming to generate alpha when markets are doing well and reduce downside risk in times of bad market periods.
The fund is an open-ended scheme investing in equity & equity related instruments, debt & money market instruments, Gold ETFs and Silver ETFs. The active multi asset allocation strategy aims to navigate all market conditions. The fund will focus on periodic optimisation of asset classes in response to changing economic factors, earning momentum, market valuation, and equity risk premium, facilitating portfolio alignment.
The New Fund Offer (NFO) will open for subscription on May9, 2025, and close on May 23, 2025.
“The launch of Canara Robeco Multi Asset Allocation Fund not just expands our product offerings,it also enhances our ability to provide investors with diversified solutions tailored to meet the evolving needs of the market,” said Mr. Rajnish Narula, Chief Executive Officer, Canara Robeco Asset Management Company Ltd. “By continually developing new funds for investors, we aim to empower them to build resilient portfolios that may align with their financial goals, while also fostering our culture of continuous
improvement and excellence in product development.”