Canara Robeco Large Cap+ Fund
This, Canara Robeco Large Cap+ Fund, is the latest NFO from the house of Canara Robeco Mutual Fund (CRMF). This NFO is open till July 27, 2010. It is an open ended equity scheme which is powered by Robeco Quant Model. This is yet another NFO within the span of one to two months from Canara Robeco MF after their last one, Canara Robeco IndiGo Fund.
This open-ended equity scheme is, as the name suggests, going to invest primarily only on the large cap companies which large market capitalization. The plus sign in the Large Cap+ fund, indicates that their asset allocation is going to be mostly on large cap funds rather than being misunderstood as being the returns of the fund, as per their term document. They are also going to be very selective in choosing the large caps by only investing in the finest large caps among all in the existing market.
Investment Objective: Canara Robeco Large Cap Plus helps us in generating income by capital appreciation by mostly investing in large cap companies in terms of market capitalization. They are targeting in investing in any of the companies in the top 150 companies in the market. They are also going to adopt a REM Quant Model (Robeco Emerging Markets Quantitative model) in terms of investment by their unique model in terms of investment process.
Asset Allocation: Large cap equities and equity related instruments would consist of 65% to 100% while the money and domestic debt market would consist of 0-35%.
Investment Options: Growth as well ass dividend (both payout and reinvestment options).
Benchmark Index: BSE 100.
Load Structure: No entry load during NFO or even when it reopens for public offers after nearly one month of closure of NFO.
Minimum Amount: For investment in Canara Robeco Large Cap Fund during NFO is Rs. 5000 and in multiples of Re. 1 thereafter. Subsequent purchases with minimum amount of Rs. 1000 and in multiples of Re. 1 thereafter.
Overall, there is not much to write about this Large Cap+ Fund from Canara Robeco as it is going to follow the same or similar track to that of all major large cap funds in India. But the only difference being the REM Quant Model approach, which from their words sounds distinct and unique. But we will need to see how well it transforms in terms of returns and that can only be analyzed after some time that they open up for public after their initial NFO period. But my personal suggestion would be to wait and watch for the time being.
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