Canara Robeco Balanced Advantage Fund Review – Canara Robeco Balanced Advantage Fund Direct NFO Open on 12 July 2024 and Close on 26 July 2024. Canara Robeco Balanced Advantage Fund Direct NFO Allotment Date is 02 August 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹5,000. The Minimum SIP Investment Amount is ₹1,000.
Type of the Scheme
An open-ended Dynamic Asset Allocation Fund.
Scheme Benchmark : CRISIL Hybrid 50+50 – Moderate Index – Above Benchmark is First Tier Benchmark as per Para 1.9 of SEBI Master Circular for Mutual Funds dated May 19, 2023. The Trustee/AMC reserves the right to change the benchmark in future which is suitable to the investment objective of scheme and as prescribed by AMFI from time to time.
Canara Robeco Balanced Advantage Fund Nfo Important Date
Scheme Offer
Canara Robeco Balanced Advantage Fund
Offer Price
Rs. 10/- per Unit
Type of Scheme
An open-ended
Open Date
12 July 2024
Allotment Date
02 August 2024
Close Date
26 July 2024
Category
Balanced Advantage Fund
Min Inv ₹
5000
Lock in Period
N/A
Risk
Very High
Scheme Benchmark
CRISIL Hybrid 50+50 - Moderate Index
Canara Robeco Balanced Advantage Fund Nfo Other Details
Exit Load
12%
Exit Load Details
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 365 days.
Entry Load
N/A
Stamp Duty
0.005%
Min. Investment
Rs. 5000
Min. SIP
Rs. 1000
Canara Robeco Balanced Advantage Fund Review Asset Allocation
Instruments
Allocation Min
Allocation Max
Equity and Equity-related Instruments
65
100
Debt and Money Market Instruments
0
35
Investment Objective of the Scheme ?
The fund aims to generate long-term capital appreciation with income generation by dynamically investing in equity and equity related instruments and debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized.
Canara Robeco Balanced Advantage Fund Review Manager Details
- Fund Manger : Mr. Shridatta Bhandwaldar
- Qualification : B.E (Mechanical), M.M.S (Finance)
- Experience : October 2019 till date Canara Robeco Asset Management Company Limited: Head – Equities July 2016 to September 2019 Canara Robeco Asset Management
Company Limited: Fund Manager July 2012 to June 2016 SBI Pension Funds Pvt. Ltd.: Head – Research/Portfolio Manager October 2009 to June 2012 Heritage India Advisory Pvt. Ltd.: Senior Equity Analyst January 2008 to September 2009 Motilal Oswal Securities: Research Analyst April 2006 to December 2008 MF Global Securities: Research Associate.
- Fund Manger : Ms. Ennette Fernandes
- Qualification : PGDBM (Finance)
- Experience : September 2021 till date Canara Robeco Asset Management Company Limited: Fund Manager – Equities January 2014 to September 2021 Tata Asset Management Ltd. Assistant Fund Manager (April 2018 to September 2021) Research Analyst (January 2014 to March 2018) April 2009 to December 2013 Phillip Capital (India) Pvt Ltd. Research Analyst (April 2011 to December 2013) Research Associate (April 2009 to March 2011).
- Fund Manger : Ms. Suman Prasad
- Qualification : Bsc, PGDMS
- Experience : May 1997 till date Canara Robeco Asset Management Company Limited : Fund Manager Fixed Income (January 2008 till date) Canbank Investment Management
Company Ltd -Senior Executive / Officer (assisting Fund Manager in charge July 2002 to December 2007) -Officer Managing Director’s Secretariat / Management Information Section (May 1997 to June 2002).
- Fund Manger : Mr.Amit Kadam
- Qualification : BE (Electronics), MMS (Finance)
- Experience : April 2024 till date Canara Robeco Asset Management Company Ltd. – Fund Manager – Equities October 2021 to April 2024 Canara Robeco Asset Management
Company Ltd. – Assistant Fund Manager – Equities September 2018 to September 2021 Canara Robeco Asset Management Company Ltd. – Research Analyst June 2013 to September 2018 LIC Mutual Fund Asset Management Ltd. – Research Analyst June 2010 to June 2013 Sykes and Ray Equities (I) Ltd. – Research Analyst.
How Will The Scheme Allocate Its Assets?
- Equity and equity related instruments
- Debt Instruments
- Securitised Debt
- Money Market Instruments
- Pass through Certificate (PTC)
- Derivative
- Units of MF schemes and Equity Exchange Traded Funds (ETFs)
- Overseas securities
- Short Term deposits
Also Read: Franklin India Multi Cap Fund Review
Canara Robeco Balanced Advantage Fund Manager Manages the Scheme?
- Mr.Shridatta Bhandwaldar
- Ms.Ennette Fernandes
- Ms.Suman Prasad
- Mr.Amit Kadam
Canara Robeco Balanced Advantage Fund Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Website: Www.Kfintech.Com
Email: Hoacfoods.Ipo@Kfintech.Com
Investor Grievance Email:Einward.Ris@Kfintech.Com
Contact Person: Mr. M Murali Krishna
