Canara Robeco Mutual Fund, India’s second-oldest asset manager, has announced the launch of its latest offering — the Canara Robeco Multi Asset Allocation Fund, an open-ended hybrid scheme aimed at providing long-term investors with a balanced and diversified investment strategy. The fund will invest in equities, debt and money market instruments, Gold ETFs, and Silver ETFs, with the New Fund Offer (NFO) opening on May 9, 2025, and closing on May 23, 2025. It will reopen for repurchase on or before June 6, 2025.
The scheme will allocate 65–80% to equity, 10–25% to Gold and Silver ETFs, and 10–25% to debt instruments, also allowing investments in REITs and InvITs. The fund will be benchmarked against a composite index comprising equity, fixed income, and precious metals to reflect its multi-asset approach.
Financial advisors view the fund as a timely option for investors seeking to hedge against market uncertainty. With growing investor awareness and appetite for diversified assets, the local market is expected to show positive traction for this product. The fund will be jointly managed by Amit Kadam, Ennette Fernandes, and Kunal Jain.
