Canara Robeco Mutual Fund has launched Canara Robeco Dynamic Bond Fund

Canara Robeco Mutual Fund has launched Canara Robeco Dynamic Bond Fund, which will remain open for subscription from 04th May, 2009 to 20th May, 2009 at the NFO price of Rs. 10 per unit. The scheme will offer retail and institutional plans with growth, growth with automatic repurchase, dividend payout and dividend reinvestment options. The minimum application amount in the retail and institutional plan will be Rs. 5000 and Rs. 1 crore respectively. The objective of the fund is to seek to generate income from a portfolio of debt and money market securities. The scheme will be benchmarked against Crisil composite bond fund index and will be managed by Mr. Ritesh Jain.