Tuesday, January 3, 2012

Canara Robeco MF announces merger of Canara Robeco Multicap with Canara Robeco Equity Diversified Scheme.

Canara Robeco Mutual Fund has announced the merger of Canara Robeco Multicap scheme (herein after referred to as transferor scheme), a close ended equity scheme, into Canara Robeco Equity Diversified Scheme (herein after referred to as transferee scheme), an open ended equity scheme, with effect from 3 February 2012. The redemption of Canara Robeco Multicap scheme is due on 2 February 2012. Accordingly, the scheme would cease to exist with effect from the close of business hours on 2 February 2012.

 

The books of transferee scheme shall remain close during the period from 3 February 2012 to 6 February 2012 (both days inclusive). The NAV of the transferee scheme shall be published from 7 February 2012. All the features of the transferee scheme and provisions as contained in the Scheme Information Document of the transferee scheme shall remain unchanged post the merger.

 

Source: http://www.indiainfoline.com/Markets/News/Canara-Robeco-MF-announces-merger-of-Canara-Robeco-Multicap-with-Canara-Robeco-Equity-Diversified-Scheme/4095150444


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