Canara Robeco launches F.O.R.C.E Fund

MUMBAI: Canara Robeco Asset Management Company on Wednesday launched Canara Robeco F.O.R.C.E Fund - an open ended equity scheme. The objective of this fund is to provide long-term capital appreciation by primarily investing in equity and equity related securities of companies in the finance, retail & entertainment sectors. The New Fund Offer opened for subscription from July 20 and will close on August 18.

The scheme will invest a minimum of 40% and a maximum of 65% in the BFSI sector, a minimum of 15% and a maximum of 35% in the entertainment sector and a minimum of 10% and a maximum of 25% in the retail sector. Additionally, the scheme will invest in equity and equity related instruments, foreign securities, government securities & money market instruments. The performance of the scheme will be benchmarked to S & P CNX Nifty. Anand Shah, Head ��� Equities is the fund manager for this scheme.

Speaking on the NFO, Rajnish Narula, chief executive officer, Canara Robeco Asset Management said, ���The Canara Robeco F.O.R.C.E Fund centres around the India growth story. There lies an investment opportunity for long term wealth creation.���

Elaborating on the fund, Anand Shah, Head ��� Equities, Canara Robeco Asset Management said, ���The Canara Robeco F.O.R.C.E Fund intends to invest in companies that exhibit a scalable & sustainable investment opportunity. Our team will follow an active investment style with focus on the fundamentals of the business, the industry structure, the quality of management sensitivity to economic factors, the financial strength of the company and the key earnings drivers, while selecting the scrips.���