Canara Robeco Asset Management Company launched an open-ended equity
Canara Robeco Asset Management Company launched an open-ended equity scheme, Canara Robeco FORCE Fund, with subscription opening from July 20 and closing on August 18. The fund would provide long-term capital appreciation by primarily investing in equity and equity-related securities of companies in segments like finance, retail and entertainment. The scheme would invest a minimum of 40 per cent and a maximum of 65 per cent in the BFSI sector, a minimum of 15 per cent and a maximum of 35 per cent in the entertainment sector and a minimum of 10 per cent and a maximum of 25 per cent in retail sector. Additionally, the scheme would invest in equity and equity-related instruments, foreign securities, Government securities and money instruments.