Canara Robeco Mutual Fund announces the launch of the Canara Robeco Manufacturing Fund, positioning itself strategically amidst India’s industrial growth trajectory. The fund, slated to open on February 16, 2024, and conclude on March 01, 2024, represents a calculated move to capitalize on the nation’s evolving manufacturing landscape.
Rajnish Narula, CEO of Canara Robeco Mutual Fund, underscores the fund’s strategic alignment with India’s economic agenda. “The Canara Robeco Manufacturing Fund reflects our commitment to unlocking value in India’s manufacturing sector,” Narula affirms, emphasizing the fund’s potential to deliver sustainable returns amid dynamic market conditions. Shridatta Bhandwaldar, Head Equities at Canara Robeco, elaborates on the fund’s investment strategy, emphasizing a diversified approach to capture emerging opportunities. “With a minimum allocation of 80% to manufacturing and allied stocks, the fund is poised to leverage India’s industrial prowess,” Bhandwaldar states, highlighting the fund’s potential to generate alpha amidst sector-specific tailwinds.
Managed by Pranav Gokhale, Senior Fund Manager, alongside Bhandwaldar, the Canara Robeco Manufacturing Fund offers investors a strategic avenue to capitalize on India’s industrial renaissance. With a minimum investment of Rs. 5,000, the fund appeals to discerning investors seeking exposure to India’s promising manufacturing landscape.
