Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Opinion / Online-views/  Canara Robeco to merge two mixed asset funds
BackBack

Canara Robeco to merge two mixed asset funds

Canara Robeco to merge two mixed asset funds

Premium

Mumbai: Canara Robeco Asset Management Co Ltd said on Friday it has decided to merge Canara Robeco Balance Scheme with Canara Robeco Balance Scheme II.

The combined fund, to be renamed as Canara Robeco Balance, will invest 40-75 % of its assets in equities and the rest in debt and money market instruments.

Both the plans have similar objectives except that while Canara Robeco Balance Scheme’s stock exposure was capped at 60% of the assets, the other fund can invest up to 75% in equities.

The firm, which managed assets worth about Rs29 billion at the end of January, said investors not willing to accept the merger could redeem units without paying any load till 18 March.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 22 Feb 2008, 12:40 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App