Canara Robeco MF targets ₹3-lakh crore AUM in 3-5 yrs

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Canara Robeco Mutual Fund expects its assets under management to touch ₹ 2.5-3-lakh crores in 3-5 years on the back of strong inflows and upside in the market.

Rajneesh Narula, CEO of Canara Robeco MF, said the assets under management of the fund had jumped 15 per cent to around Rs 71,000 crore currently, from Rs 62,000 crore in the March quarter, but this is a one-time event and cannot be repeated every quarter.

However, given Canara Robeco’s fund performance and steady streams, achieving the AUM target of Rs 2.5 to 3 lakh crore should not be difficult, he said at an event to launch a new multi-headed fund offering that opens for subscription on Friday.

Mutual fund investors looking for a good balance of risk and reward and willing to stay invested through various market cycles with a time horizon of five years or more may benefit from India’s growth story with companies across market boundaries ready to take advantage of the multi-cap fund strategy, Narula said.

The new product allows investors to selectively participate in a broader market of medium and small companies and at the same time, maintain flexibility through large caps, which creates an opportunity for good risk-adjusted returns through market cycles, said Shridata Bhandwaldar, Head of Equity and Fund Manager.

The fund manager’s investment strategy is to combine portfolio stability with alpha generation. This fund allows investors to participate across the life cycle of a company and is therefore an opportunity to create long-term wealth.

Gaurav Goyal, National Head (Sales & Marketing), said the multi-cap corporate strategy is a single key solution that provides investors with access to the power of the three worlds – large-cap, mid-cap and small-cap stocks.