Srikanth Shankar Matrubai
Canara Robecco has joined the NFO Bandwagon with its Canara Robecco FORCE Fund. FORCE is the acronym for Financial Opportunities, Retail and Entertainment. The new fund offer (NFOs) open for subscription from July 20 to August 18, 2009.
The Fund will primarily invest in Stocks of the above sectors. The Fund will be managed by Anand Shah who was earlier with Kotak and ICICI. Mr.Anand Shah presently manages CanRobecco Emerging Equities, CanRobecco Balance, CanRobecco Infra and CanRobecco MultiCap Fund.
COMMENTS AND RECOMMENDATION:
Canara Robecco has had an excellent past year. And the Economic Times rated many funds right in the top Platinum slot. This should give comfort to first time investors in this AMC.
The Force Fund aims to exploit the India Growth Story by focussing on the Sectors most likely to benefit from Rising Consumer Spending.
Because of its Sector Concentration, the Fund is expected to be volatile and should be considered for investment only by Aggressive Investors who have a good risk appetite. However, the Fund does have a wider choice in terms of Stock Universe compared to other Finance Funds and should do well over a longer time frame, especially above 5 years or more.
Invest if you are willing to stay invested for more than 5 years.
Best of luck,
Srikanth Shankar Matrubai
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