Canara Robeco Active Money Manager Files offer document with Sebi

Canara Robeco Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch an open ended debt scheme- Canara Robeco Active Money Manager. The new fund offer (NFO) price for the scheme will be Rs. 10 per unit.

The scheme shall offer growth and dividend option. Further, the dividend option shall offers daily dividend reinvestment, weekly dividend payout / re-investment, fortnightly dividend re-investment and monthly dividend payout / re-investment

The scheme may invest 70% to 100% of assets in Indian money market instruments, with low to medium risk profile. Moreover, it would also invest up-to 30% of assets in Government of India & debt securities (including securitized debt) with low to medium risk profile. The exposure by the fund in securitized debt shall not exceed 25% of the net assets of the scheme at the time of investment.

The scheme's investment objective is to generate income by investing in a portfolio comprising of short term debt instruments and money market instruments with weighted average portfolio duration of equal to or less than 1 year.