Canara Robeco InDiGo Fund files offer document with Sebi

Canara Robeco Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch an open ended debt scheme -Canara Robeco InDiGo (Income from Debt Instruments & Gold) Fund. The scheme's new fund offer (NFO) price will be Rs 10 per unit. The scheme's investment objective is to generate income from a portfolio constituted of debt and money market securities along with investments in Gold ETFs. The scheme offers growth and quarterly dividend (payout or reinvestment) option. The scheme would allocate 65% to 90% of assets in Indian debt and money market instruments with low to medium risk profile. Further, it would allocate 10% to 35% of assets in Gold ETFs with low to medium risk profile. The exposure by the scheme in securitised debt shall not exceed 25% of the net assets of the scheme at the time of investment. Moreover, the Gross Notional Exposure by the Scheme in fixed income derivative instruments for the purpose of hedging and portfolio rebalancing shall not exceed 30% of the Net Assets of the Scheme at the time of investment. The total of investments in debt securities (including securitized debt) as well as money market instruments, Gold ETFs and gross notional exposure in derivatives shall not exceed 100% of the net assets of the Scheme.