Canara Robeco Mutual Fund has launched a new open ended equity scheme, Canara Robeco Large Cap+ Fund. The new fund offer will be available from 28th June, 2010 to 27th July, 2010. The minimum investment amount of the scheme is Rs. 5000. The investment objective is to provide capital appreciation by predominantly investing in companies having a large market capitalization. The scheme would allocate 65 per cent to 100 per cent of assets in large cap equity and equity related instrument with high risk profile. It would further allocate upto 35 per cent in domestic debt and money market instruments with low risk profile. The scheme will charge an exit load of 1 per cent if the investments are redeemed within 1 year from the date of allotment. The scheme will be managed by Mr. Anand N. Shah and will be benchmarked against BSE 100.
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