**Category: Hybrid
**Scheme Type: OPEN
**Exit Load (%): 1% (conditions apply)
**Minimum Investment: ₹5,000.00
**Incremental Investment: ₹1,000.00
**Open Date: July 12, 2024
**Close Date: July 26, 2024
**NAV Calculation: DAILY
**Sub-category: Hybrid - Equity Oriented
**Fund Objective:**
The fund aims to generate long-term capital appreciation with income generation by dynamically investing in equity and equity-related instruments, as well as debt and money market instruments. However, there can be no assurance that the investment objective of the scheme will be realized.
Canara Robeco Mutual Fund has filed a draft with SEBI for the Canara Robeco Balanced Advantage Fund, an open-ended dynamic asset allocation fund. The scheme will offer both regular and direct plans with growth and IDCW options.
The minimum lumpsum investment is ₹5,000, with additional investments in multiples of ₹1. Monthly SIPs start at ₹1,000, and quarterly SIPs start at ₹2,000, both in multiples of ₹1.
The minimum redemption amount is ₹1,000 or the account balance, whichever is lower. The scheme will be benchmarked against the CRISIL Hybrid 50+50 - Moderate Index and managed by Ennette Fernandes, Pranav Gokhale, and Suman Prasad.
An exit load of 1% applies if more than 12% of allotted units are redeemed/switched out within 365 days from the allotment date. No exit load applies if up to 12% of units are redeemed/switched out within 365 days, or if redeemed/switched out after 365 days.
The fund will invest 65-100% in equity and equity-related instruments, 0-35% in debt and money market instruments, and 0-10% in units issued by REITs and InvITs.
The scheme aims to provide long-term capital appreciation and income through dynamic management of a portfolio comprising equity and equity-related instruments, debt, money market instruments, and derivatives.
The maximum total expense ratio (TER) permissible under Regulation 52(6) is up to 2.25%.
The scheme is suitable for investors seeking long-term capital appreciation with income generation through a dynamically managed portfolio of equity, equity-related instruments, and debt and money market securities. The principal invested will be at "very high" risk according to the scheme's riskometer.
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