Canara Robeco Mutual Fund
Canara Robeco Mutual Fund, founded in 1987, is the second oldest mutual fund in India, specializing in asset and funds management with headquarters in Mumbai, Maharashtra.
Company Overview
Canara Robeco Mutual Fund is a privately held company established in 1987, making it the second oldest mutual fund in India. The firm operates within the financial services industry and has a medium-sized team of 293 employees. Its headquarters is located in Mumbai, Maharashtra, with an additional office in Bangalore, Karnataka. The company specializes in asset management and funds management, offering a variety of investment options to cater to diverse investor needs.
Founding and Joint Venture
Canara Robeco Mutual Fund was formed through a joint venture between Canara Bank and the Robeco group in 2007. This collaboration combines Canara Bank's extensive experience in the Indian market with Robeco's global expertise in asset management. The Robeco group is recognized as a leader in sustainable investing, with operations in 16 countries and a workforce of over 1,300 employees.
Investment Products
The company offers a wide range of investment products, including diversified and thematic equity schemes, hybrid funds, and various debt and treasury products. Notable offerings include the Flexi Cap Fund, Emerging Equities, ELSS Tax Saver, Income Fund, Dynamic Bond Fund, and Savings Fund. Canara Robeco also manages investment mandates for over 47.77 lakh investors, reflecting its extensive reach in the market.
Corporate Social Responsibility
Canara Robeco Mutual Fund engages in corporate social responsibility initiatives, focusing on financial literacy programs for school children in Goa. The company emphasizes the importance of educating young individuals about financial management and investment principles, contributing to the overall development of financial awareness in the community.
Digital Services and Tools
The company provides a digital platform for distributors called smarT MFD, which includes features such as real-time transaction status and detailed client portfolio access. Additionally, it offers tools like the Return On Investment Calculator and Systematic Investment Planning Calculator to assist investors in managing their investments effectively. Canara Robeco also has a mobile application for investor services and a comprehensive grievance redressal mechanism to address investor concerns.