Canara Robeco Mutual Fund, India’s second-oldest asset manager, has announced the launch of the Canara Robeco Multi Asset Allocation Fund, an open-ended hybrid scheme designed to offer investors diversified exposure across equities, debt instruments, and precious metals. The New Fund Offer (NFO) opens on May 9, 2025, and closes on May 23, 2025, with the scheme reopening for continuous sale and repurchase on or before June 6, 2025.
The fund aims to allocate 65–80% of its assets to equities, 10–25% to debt and money market instruments, and 10–25% to Gold and Silver ETFs, with the flexibility to invest in REITs and InvITs. This dynamic allocation strategy is intended to generate long-term capital appreciation while mitigating downside risks through diversification. In Durgapur, a city witnessing a surge in mutual fund investments, financial advisors anticipate strong interest in this diversified offering. The growing investor base is increasingly seeking investment options that provide a balanced approach to growth and risk management.
The fund will be jointly managed by Amit Kadam, Ennette Fernandes, and Kunal Jain, and benchmarked against a composite index comprising 65% BSE 200 TRI, 20% NIFTY Short Duration Debt Index, 10% Domestic Price of Gold, and 5% Domestic Price of Silver.
