Canara Robeco Mutual Fund announces change in name of 3 equity funds
Canara Robeco Mutual Fund
announces change in name of three equity funds with effect from June 20. The fund house informed about these changes to its unitholders through a notice-cum-addendum.
The fund house informed that names of
Canara Robeco Focused Equity Fund
,
Canara Robeco Emerging Equities
, and
Canara Robeco Bluechip Equity Fund
will be changed. This move came pursuant to
SEBI
communication dated March 27, 2025, with respect to 'uniformity in the nomenclature of equity oriented schemes', the fund house informed.
Also Read |
ICICI Prudential Mutual Fund renames two equity schemes
Best MF to invest
Looking for the best mutual funds to invest? Here are our recommendations.
View
Details
»
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Access all TV channels anywhere, anytime
Techno Mag
Learn More
Undo
Canara Robeco Focused Equity Fund will be changed to Canara Robeco Focused Fund. Canara Robeco Emerging Equities will be changed to Canara Robeco Large and Mid Cap Fund. Canara Robeco Bluechip Equity Fund will be changed to Canara Robeco
Large Cap Fund
.
Accordingly, all references to the existing name of the schemes, wherever appearing in the SID and KIM of the aforesaid schemes, shall be replaced with the revised name of the schemes as mentioned above.
Live Events
It may be noted that necessary/incidental changes, if any, shall be made in the SID and KIM of the aforesaid schemes in the above regard. All other features including nature, investment objective, asset allocation pattern, fundamental attributes, terms and conditions of the schemes, shall remain unchanged.
The SID and KIM of the aforesaid schemes will stand modified to the extent mentioned above. This addendum forms an integral part of the SID and KIM of the aforesaid schemes.
Also Read |
Nippon India Taiwan Equity Fund tops return chart with 22% in May. Can the momentum sustain?
Canara Robeco Focused Equity Fund, Canara Robeco Emerging Equities, and Canara Robeco Bluechip Equity Fund had an AUM of Rs 2,508 crore, Rs 24,040 crore, and Rs 15,621 crore respectively as on April 30, 2025.
Recently ICICI Prudential Mutual Fund announced the change in name of ICICI Prudential Bluechip Fund and ICICI Prudential Value Discovery Fund.
As these changes are pursuant to SEBI's communication dated March 27, 2025, with respect to 'uniformity in the nomenclature of equity oriented schemes many other fund houses are expected to change the name of their equity funds.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Govt approves Rs 23 cr for road projects in city, Muzaffarpur
Patna: The state govt approved infrastructure projects worth Rs 23 crore to enhance road connectivity in Patna and Muzaffarpur districts, said road construction minister Nitin Nabin on Friday. In Patna, Rs 6.67 crore was allocated for the widening and strengthening of roads connecting Kankarbagh road no. 2 to Kankarbagh road no. 4 via Kendriya Vidyalaya. The project aims to ease traffic congestion in Kankarbagh, one of city's most densely populated areas. The development will improve accessibility for local residents and commuters, Nabin said. The larger share of the fund, Rs 16.40 crore, was earmarked for Muzaffarpur, for the development of the stretch from Madipur Power House Chowk to Sakri Path. This project is expected to provide an alternative route for travellers between Muzaffarpur and Patna, helping to reduce traffic congestion and improve overall connectivity. "These infrastructure developments are part of our ongoing efforts to strengthen the state's road network," the minister said. He emphasised that the projects align with CM Nitish Kumar's vision of ensuring smooth transportation facilities for Bihar residents. "The approved works include road rehabilitation, widening and strengthening, which will be executed under the supervision of the road construction department (RCD)," he said. The minister added that similar development initiatives are being implemented across various districts of the state to enhance the state's transportation infrastructure. He added, "These projects are expected to be completed in a timely manner and will contribute significantly to the region's economic growth by improving logistics and transportation efficiency." Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
Time of India
an hour ago
- Time of India
RBI lowers qualifying asset criteria for NBFC-MFIs to 60% from 75%
The Reserve Bank of India ( RBI ) Friday lowered the minimum amount of eligible microfinance loans specialized lenders must hold on their books, allowing microfinance-NBFCs to further diversify their asset base. In a notification Friday, the central bank said qualifying assets (those meeting the definition of microfinance loans) of NBFC-MFIs must constitute a minimum of 60% of the total assets (netted off by intangible assets), on an ongoing basis. The earlier threshold was 75%. 'If an NBFC-MFI fails to maintain the qualifying assets as aforesaid for four consecutive quarters, it shall approach the Reserve Bank with a remediation plan for taking a view in the matter,' the RBI said. The central bank also said that 'qualifying assets' of NBFC-MFIs has been aligned with the definition of 'microfinance loans'. As per RBI rules, microfinance loan is defined as a collateral-free loan given to a household having annual household income up to Rs 3,00,000. 'This policy shift will enable accelerated diversification within our operations, ensuring balance sheet stability and positioning us for robust cross-cycle earnings,' said Ganesh Narayanan, Chief Executive Officer, CreditAccess Grameen Ltd . Reduction in the qualifying asset criteria for NBFC-MFIs is expected to improve loan diversification of lenders, thereby augmenting their credit risk profile . It will also enable them to meet other credit requirements of their end borrowers, according to A M Karthik, Senior Vice President & Co-Group Head, Financial Sector Ratings, ICRA .
Indian Express
an hour ago
- Indian Express
Surat DEO issues notices to schools for fee relief to children of diamond polishers
The Surat District Education Office (DEO) on Thursday issued notifications to all schools where children of diamond polishers study and shared a School Fees Special Assistance Application form along with a checklist of relevant documents for students and parents who are eligible for a fee relief. The state government has announced a special assistance package for people from the diamond industry, considering the recession over the last three years. Children of diamond polishers, who have been unemployed after March 2024 and are aged above 21 and have worked for at least three years at a diamond firm, will be eligible for this scheme. Surat district Education Officer Bhagirathsinh Parmar issued the notification after receiving the format from the state government. According to the format, the benefits of the scheme can be availed only for the 2025-26 session, the maximum amount of relief being Rs 13,500 per student. Diamond polisher parents should fill the School Fees Special Assistance Application form and submit it, along with necessary documents, including Aadhaar cards of both the applicant and the student, a passport-size photo of the parent, to the school between June 9 and July 23. The applicant should obtain a certificate of unemployment for a period of one year and a certificate of work experience for the previous three years from the District Employment Office, the District Industries Centre, or a request letter or certificate issued by the Surat Diamond Association. The school authorities would then submit the documents to the District Industries Centre in three phases — on June 30, July 7, and July 24. The school authorities should also attach a forwarding letter, along with a list of students, a cancelled cheque from the school, and fees in accordance with the Fee Regulatory Committee (FRC). DEO Parmar said, 'We have issued the notification to all primary, secondary and higher secondary grant-in-aid, self-finance and government schools in the city. Diamond polishers mainly reside in Varachha, Kapodara, Punagam, Katargam, Sarthana, etc. Non-Gujarati polishers who match all the eligibility criteria can also fill such forms. We have strictly instructed all schools to complete the process with the given time frame. We are coordinating with the Surat Diamond Association, the Surat District Employment Office, and the District Industries Centre, and will make sure that diamond polishers should not face any problem in obtaining the necessary documents. If they do, they should contact us or any of these three offices, and their issue will be resolved.'
