Canara Robeco AMC has launched Canara Robeco Value Fund - an open-ended equity scheme that would follow a value investment strategy, to invest in businesses that are trading at a price less than their intrinsic values and are expected to realise their true worth in the future.
The fund would identify and select undervalued businesses, based on various financial parameters as well as the valuation techniques for arriving at the company’s intrinsic value. It would then construct a portfolio keeping in mind the opportunity size and risk limits defined for the portfolio. The portfolio construction process will be aided by various in-house quant models with an aim to invest in businesses that have the potential to do well due to robust fundamentals.
The fund will endeavor to benefit from mispricing opportunities while creating a rewarding equities portfolio with attractive upside potential.
Vishal Mishra, Fund Manager – Equities, would be managing the new scheme. Mishra is currently also the co-fund manager for Canara Robeco Equity Tax Saver Fund, Canara Robeco Infrastructure and Canara Robeco Bluechip Equity Fund. A Chartered Accountant and a Commerce Graduate from Mumbai University, Mishra joined Canara Robeco MF in May 2021.
The NFO opens on August 13, 2021, and closes on August 27, 2021. The new scheme re-opens for ongoing investment from September 6, 2021.
The minimum investment amount in the NFO will be Rs 5,000 and multiples of Rs 1 thereafter for lumpsum investors and for monthly SIP Rs 1,000 and multiples of Rs 1, thereafter.
The fund will be benchmarked against S&P BSE 500 TRI.
