Canara Robeco MF launches small cap fund
Canara Robeco Asset Management Company Limited launches new fund offer (NFO) for Canara Robeco Small Cap Fund- an open-ended scheme. This scheme aims at investing in stocks of small-cap companies that are likely to have the potential to generate higher returns than most other equity classes over a longer period of time. In equities, small cap companies are potential mid / large caps of tomorrow.
The NFO opened on January 25 will close on February 8. The scheme proposes to invest at least 65 per cent of the corpus in equity and equity-related instruments of small cap companies. Up to 35 per cent of the portfolio will be allocated across large, mid and small cap stocks for managing Beta of the portfolio.
With our new small cap fund we look to invest in companies with consistent earnings and reasonable valuations that could lead to alpha generation opportunity making small caps a viable investment prospect.” The minimum investment amount in the scheme will be Rs 5,000 and multiples of Rs 1.00 thereafter. This fund aims at generating capital appreciation by investing predominantly in quality businesses with potential to grow over long term and have a sustainable business model.