Canara Robeco Mutual Fund introduces Fixed Maturity Plan Series 8

Canara Robeco Mutual Fund has launched the Canara Robeco Fixed Maturity Plan Series 8, a close ended income scheme. The NFO opens for subscription on October 08, 2018 and closes on October 11, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.

The scheme’s performance will be benchmarked against CRISIL Short-Term Bond Fund Index and its fund manager is Suman Prasad.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing either on or before the maturity of the scheme.