MUTUAL FUNDS
Canara Robeco Mutual Fund files offer document for Overnight Fund
Apr-11-2019

Canara Robeco Mutual Fund has filed offer document with SEBI to launch an open ended debt scheme named ‘Canara Robeco Overnight Fund'. The New Fund Offer price is Rs 1000 per unit. Entry load and Exit load will be nil. The scheme offers dividend and growth options and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme will be benchmarked by CRISIL Overnight Fund Index. The minimum application amount for initial purchase is Rs 5000 and Re 1 thereafter.

The investment objective of the scheme is to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities

  RELATED NEWS >>