Canara Robeco launches NFO

Canara Robeco Mutual Fund, a leading asset manager, announced the launch of Canara Robeco Balanced Advantage Fund, an open-ended dynamic asset allocation fund, aiming to generate alpha when markets are doing well and reduce downside risk in times of bad market periods.

The NFO will open through 12 and 26 July. The gross allocation of the fund will be 65 per cent or more towards equities and rest will be invested in debt and money market instruments. It also aims to address the investor behavioural gap due to market volatility.