As the asset under management (AUM) of the Canara Robeco Income Fund crossed Rs 350 crore, Canara Robeco Mutual Fund has decided to restrict the sale of units. The fund has acquired more than Rs. 350 crore of AUM (corpus of nearly Rs 363.56 crore at end of 31 December 2008). So in order to protect the interest of the continuing investors, the Trustees have decided to limit the maximum amount of application to Rs. 1 crore and above. But, the fund will continue to accept application amount for less than Rs 1 crore. So, as and when the AUM fall below Rs 350 crore, the fund shall re-open the sale of units for application of Rs 1 crore and above.
Canara Robeco Income Fund is an income fund aims to generate income and capital generation through a low risk strategy by investing in debt securities as well as money market instruments. As on 7 January 2009, the NAV of the fund stood at Rs 18.04.
Canara Robeco Income Fund is an income fund aims to generate income and capital generation through a low risk strategy by investing in debt securities as well as money market instruments. As on 7 January 2009, the NAV of the fund stood at Rs 18.04.
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