Update

Canara Robeco Asset Management Company Limited has launched Canara Capital Protection Oriented Fund-Series 1 -36 months (Plan A), a 3 year close-ended capital protection oriented Fund. The asset allocation of the scheme will be 75-100 per cent in debt and money market instruments and 0-25 per cent in equity and equity linked instruments.

The scheme will follow a passive investment strategy for the fixed income component of the scheme wherein the fund will be investing only in the highest rated fixed income securities with the objective of capital protection. The equity component of the scheme will be primarily invested in diversified equity and equity related securities of the companies that have a potential to appreciate in the long run. The fund is open for subscription till February 24 and will be benchmarked against the CRISIL MIP Blended Index.

Birla Sun Life Mutual Fund has revised the exit load structure of Birla Sun Life Dynamic Bond Fund. As per the revised structure, an exit load of 0.50 per cent will be chargeable for redemptions within 180 days of allotment. The revision of the load structure has been in effect from February 9.

Religare Mutual Fund has announced the conversion of Religare Mid N Small Cap fund, a three-year close-ended equity scheme into an open-ended scheme with effect from March 17. Investors who want to exit from the scheme can redeem their units or can switch to other schemes of Religare Mutual Fund from February 15 to March 16 without paying any exit load. New investment in the scheme will be subject to an exit load of 1 per cent if redeemed within one year from the date of allotment.

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