Canara Robeco Mutual Fund has announced the extension of new fund offer closure date for Canara Robeco InDiGo (INcome from Debt Instruments and Gold) fund up to 15 June 2010. The previous closing date, of the NFO was 10 June 2010. Further, the scheme will reopen for continuous subscription and repurchase of units on or before 15 July 2010. The scheme aims to generate income from a portfolio constituted of debt and money market securities along with investments in gold and gold related instruments. The scheme will be managed by Mr. Ritesh Jain and benchmarked against CRISIL Short Term Bond Fund Index and Price of Gold.
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