Canara Robeco Active Money Manager Files offer document with Sebi

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LYONDELLBASELL UNDER CHAPTER 11 BANKRUPTCY PROTECTION SINCE JAN-2009
LYONDELLBASELL IS ONE OF THE WORLD'S LARGEST PETROCHEMICALS COMPANY
RIL MAKES NON-BINDING CASH OFFER TO BUY CONTROL IN LYONDELLBASELL
OFFER APART FROM EQUITY FINANCING PROPOSED BY RIL FOR LYONDELLBASELL
OFFER UPON EMERGENCE OF LB FROM CHAPTER-11
OFFER SUBJECT TO DUE DILIGENCE & SUFFICIENT CREDITOR SUPPORT
LYONDELLBASELL: RIL OFFER POTENTIAL ALTERNATIVE TO REORGANIZATION PLAN
LYONDELLBASELL: TO TRY TO MAXIMIZE VALUE FOR ALL CREDITORS
LYONDELLBASELL PRIVATELY OWNED BY PROCHEMIE GMBH
RIL: NO ASSURANCE THAT OPPORTUNITIES WILL RESULT IN A TRANSACTION
RIL: REVIEWING OTHER GROWTH OPPORTUNITIES FOR GROWTH IN CORE BIZ
SUBMITTED TO LYONDELLBASELL NON BIDDING OFFER TO ACQUIRE FOR CASH
CASH OFFER FOR A CONTROLLING STAKE UPON EMERGENCE FROM CHAPTER 11
OFFER PURSUANT TO ITS PLAN OF REORGANISATION
OFFER IS PRELIMINARY AND SUBJECT TO CUSTOMARY CONDITIONS
RIL REVIEWING OTHER GROWTH OPPORTUNITIES FOR GROWTH
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Updated: 05/11/2009 | 12:00 AM IST

Mutual fund

Capital Market

Thursday, November 05, 2009 (New Delhi)

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Canara Robeco Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch Canara Robeco Active Money Manager, an open ended debt scheme. The new fund offer (NFO) price for the scheme will be Rs. 10 per unit.

The investment objective of the scheme is to generate income by investing in a portfolio comprising of short term debt instruments and money market instruments with weighted average portfolio duration of equal to or less than 1 year.

The scheme shall offer growth and dividend option. Dividend option shall offers daily dividend reinvestment, weekly dividend payout / re-investment, fortnightly dividend re-investment and monthly dividend payout / re-investment

The scheme may invest 70% to 100% of assets in Indian money market instruments, with low to medium risk profile. It would invest up-to 30% of assets in Government of India & debt securities (including securitized debt) with low to medium risk profile. Exposure by the fund in securitized debt shall not exceed 25% of the net assets of the scheme at the time of investment.

Entry and exit load charge will be nil for the scheme.

Minimum application amount will be Rs. 5000 and in multiples of Re.1 thereafter.

The minimum subscription (target) amount of Rs. 10 crore is expected to be raised during the NFO period.

The Scheme's performance will be benchmarked against CRISIL Liquid Fund Index.

The fund manager of the scheme will be Suman Prasad.

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