Canara Robeco Yield Advantage Fund files offer document with Sebi

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Canara Robeco Mutual Fund has filed offer document with Sebi to launch an open ended debt scheme -Canara Robeco Yield Advantage Fund. The scheme will offer units of Rs. 10 each for cash (subject to applicable load) during the New Fund Offer. The scheme's investment objective is to generate regular income by investing in a wide range of debt securities as well as money market instruments of various maturities and risk profile and a small portion of investment in equity and equity related instruments.
Moreover, the scheme offers growth option as well as dividend option. Further, the dividend option has the facility of quarterly payout and reinvestment and monthly payout and reinvestment.
The minimum application amount of Rs. 5,000.00 and multiples of Re.1.00 thereafter.
The Systematic Investment Plan: Minimum installment amount - Rs. 1,000.00 and Rs 2,000.00 for monthly and quarterly frequency respectively and in multiples of Re 1.00 thereafter.
However, there will be no entry load.
The exit load will be 1% if redeemed / switched-out within 1 year from the allotment date. Moreover, there will be no exit load if redeemed or switched out after 1 year from the date of allotment.
Moreover, the scheme will invest 90-100% in Indian debt and money market instruments. However, the scheme will also invest 0-10% in equity & equity related instruments.
Meanwhile, the minimum target amount under the scheme shall be Rs. 1.00 crore during the New Fund Offer Period.
Mr. Ritesh Jain would be the designated fund manager of the scheme.

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