NFO Alert: Canara Robeco Mutual Fund launches multi asset allocation fund
has announced the launch of
Canara Robeco Multi Asset Allocation Fund
, an open-ended hybrid fund aiming to generate alpha when markets are doing well and reduce downside risk in times of bad market periods.
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The
new fund offer
or NFO of the scheme will open for subscription on May 9 and will close on May 23. The Scheme would re-open on or before June 6.
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The fund is an open-ended scheme investing in equity and equity related instruments, debt and money market instruments, Gold ETFs and Silver ETFs. The active multi asset allocation strategy aims to navigate all market conditions.
The fund will focus on periodic optimisation of asset classes in response to changing economic factors, earning momentum, market valuation, and equity risk premium, facilitating portfolio alignment.
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"The launch of Canara Robeco Multi Asset Allocation Fund not just expands our product offerings, it also enhances our ability to provide investors with diversified solutions tailored to meet the evolving needs of the market,' said Rajnish Narula, Chief Executive Officer, Canara Robeco Asset Management.
'By continually developing new funds for investors, we aim to empower them to build resilient portfolios that may align with their financial goals, while also fostering our culture of continuous improvement and excellence in product development," he added.
The scheme will allocate 65-80% of the total assets towards equity and equity instruments, 10-25% towards Gold and Silver ETFs and 10-25% towards debt and money market instruments. The Scheme may also invest in REITs and InvITs.
'Canara Robeco Multi Asset Allocation Fund aims to deliver reasonable returns with lower volatility over the long term. The equity portion will aim to provide long term capital appreciation while gold and
silver ETF
allocation will aim to act as a hedge against inflation and uncertainty, and debt allocation will aim to provide balance to the portfolio,' said Shridatta Bhandwaldar, Head – Equities at Canara Robeco Asset Management.
'We believe the fund can provide a strategic edge to investors, and aim to give them an opportunity to potentially capture the upside whilst likely reducing the downside impact,' he said.
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The equity portion of the fund would be a market capitalization, style and sector agnostic and would aim to invest in high conviction portfolio with leaders with proven track record across market cycles which could provide strength and compounding to the portfolio as well as in emerging companies with improving market share to lend alpha to the portfolio through superior earnings growth.
At the same time, actively managed Gold and Silver Exchange Traded Funds (ETFs) exposure and dynamic fixed income portfolio could provide hedge and strength, respectively, to the portfolio.
"The fund will have the flexibility to invest across debt and money market instruments and across durations, making it suitable for investors looking for diversification across asset classes,' said Avnish Jain, Head - Fixed Income, Canara Robeco Asset Management Company.
'The fund will manage duration dynamically and hence will likely make sense for investors looking to participate in markets whilst mitigating losses during downturns.'
Canara Robeco Multi Asset Allocation Fund will be benchmarked against 65% BSE 200 TRI + 20% NIFTY Short Duration Debt Index + 10% Domestic Price of Gold + 5% Domestic Price of Silver. The scheme will be managed by Amit Kadam, Ennette Fernandes, and Kunal Jain.
'Canara Robeco Multi Asset Allocation Fund offers a smart solution for dynamic asset allocation, harnessing the power of 3 asset classes – equity, debt, and gold & silver ETFs – to provide investors with a dynamic mix. The fund could also be suitable for investors looking at regular cash flows using the Systematic Withdrawal Plan (SWP) feature,' said Gaurav Goyal, Head - Sales and Marketing, Canara Robeco Asset Management Company.
'To ensure better communication with our partners, we have developed marketing materials in vernacular languages. Additionally, we have created a rap song to make the concept of Multi Asset Allocation Fund (MAAF) fun and easy to understand, helping our investors engage with the fund better.'
The multi asset allocation fund is suitable for long term investors seeking diversification across asset classes.
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