- About Coverfox
The joint venture of Canara Bank and Robeco of the Netherlands is serving the nation since 2007. The experience of Canara bank in the Indian market along with Robeco’s experience in global market makes this partnership a trusted company of not only the national market but also of the international market.
A scheme of mutual funds offered by Canara bank was established in 1987 but after their partnership with Robeco, it was renamed as Canara Robeco mutual fund. A mutual fund is a financial instrument in which a fund is created with mutual contribution from multiple investors in a form of variety of assets. Since it is a mutual investment, all the gains whether it’s a reward or risk it will be shared by all the investors according to their investment proportion.
Canara Robeco mutual funds welcome every type of investor with open arms and every type of entity is eligible for investing such as partnership firms, NRI’s, cooperative societies, non-banking financial institutions etc. A mutual fund is not just an investment, it is actually purchasing a part of the company and its assets in the form of shares.
Canara Robeco mutual funds are the fastest-growing mutual fund in the country. It offers 24 schemes in the form of equity, hybrid, debt and others. Out of these, 6 schemes are close-ended whereas the rest are open-ended schemes. All the schemes offered by Canara Robeco mutual funds are listed below in detail:
Mutual funds are open for everyone anyone can invest in mutual funds as per their requirement. The following individual or firms can invest in Canara Robeco Mutual funds as:
To invest in the schemes of Canara Robeco Mutual Fund, the investor needs to fill up 2 forms KYC (Know Your Customer) and a SIP (Systematic Investment Plan) application form. If you are first-time investor you need to submit the KYC form along with the following relevant documents:
Existing investors who are KYC compliant or an account holder in a bank just need to submit a cancelled cheque leaf along with the form for a particular scheme, duly filled with all the necessary details. You can also visit the company’s website and make your investments. While investing online, investors can complete e-KYC process for investments of up to Rs.50,000.
Investing in mutual funds is now made simpler with the online portal of Canara Robeco Mutual Fund. To subscribe to the units of the fund, the below-mentioned steps are needed to be followed:
Can I do cash investment?
Yes, Investors can invest via cash up to Rs.50,000 through the branches in a financial year.
How do I decide which funds to invest in?
Read the scheme information document (SID) carefully, compare the various schemes available, and the professional experience of the fund manager handling the fund.
Can the asset allocation of a mutual fund be changed while deploying investors’ funds?
Yes. The fund manager can change the allocation of assets according to the trends in the market but is usually done on a short-term basis so as to protect the Net Asset Value (NAV).
How can we add mutual fund biller in Canara Bank?
To add a mutual fund biller in Canara Bank, all you need to do is Login to Internet banking.