Canara Robeco Asset Management Company's open-ended equity scheme, Canara Robeco Large Cap+ Fund, has opened for subscription on Monday and will close on July 27.
The objective of this fund is to provide capital appreciation by predominantly investing in companies having large market capitalisation.
Benchmarked to BSE-100
Canara Robeco Large Cap+ Fund will invest in any of the "top 150" stocks on the basis of market capitalisation.
The performance of the scheme will be benchmarked to BSE 100.
"This fund will use the inputs of the Robeco Emerging Markets Stock Selection Model in its investment process as an idea generator," said Mr Rajnish Narula, Chief Executive Officer, Canara Robeco Asset Management.
Novel product concept
"We believe this unique combination of using quantitative strategies as an Idea Generator along with the fundamental analysis is a novel product concept which will work well in Indian markets."
There will be an exit load of one per cent applicable on those who exit from the fund within a year.
Source: http://www.thehindubusinessline.com/2010/06/29/stories/2010062951791100.htm
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