MUTUAL FUNDS
Canara Robeco MF introduces Overnight Fund
Jul-19-2019

Canara Robeco Mutual Fund (MF) has launched the Canara Robeco Overnight Fund, an open ended debt scheme. The NFO opens for subscription on July 19, 2019 and closes on July 23, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against CRISIL Overnight Fund Index and its fund manager is Suman Prasad.

The investment objective of the scheme is to generate returns commensurate with low risk and providing high level of liquidity, through investments made primarily in overnight securities.

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