scheme infor mation document - canara robeco … · with sebi, not been formation protection hould...
TRANSCRIPT
NAMESCHEM
Canara Capital Oriented Series 8
*Investors
Name of tCanara RoName of tCanara RoName of tCanara RoAddress: Ballard EsTel. No. (0CIN: U659E-Mail: cr The particFunds) Realong witapprovedDocumen This ScheOriented Fascertain Mutual Fu The invesFund, TaxSAI is inccurrent SA The Schem As requireLimited (permissioExchange
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OF THE ME/PLAN
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the Mutual Fuobeco Mutual the Asset Manobeco Asset M the Trust obeco Mutual Construction Hstate, Mumbai022) 6658500990MH1993PLrmf@canararo
culars of the Scegulations 199th the Due Dili or recomme
nt.
me Informatio Fund- Series 8 about any furund/ Investor S
tors are advisex and Legal issucorporated by AI, please cont
me Informatio
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CHEMECanara Rob
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THIS PRODUCTINVESTORS WH Capital Pro
Maturity aAppreciatiterm
Investmen
Money Ma(70% - 100and Equityinstrumen
ult their financi
Offer for UnitsNN
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nagement ComManagement C
Fund House, 4nd Floo - 400 001.
00. Fax : 6658LC071003 beco.com. We
cheme have be96 (herein afte
gence Certificanded by SEBI
on Document s that a prospecrther changes tServices Centres
ed to refer to thues and genera reference (is tact your near
on Document s
this Scheme Ineferred to as al Fund to use
he Mutual Fun
INFORbeco Capital ose Ended Cap
Rated A
T IS SUITABLE FHO ARE SEEKIN
otection at nd Capital on over mediu
nt in Debt and arket Securities0%) and Equityy related ts (0% - 30%)
al advisers if in
s of face value New Fund Offe
ew Fund Offe
mpany ompany Ltd.
or, 5, Walchand
8 5012/13
ebsite: www.ca
een prepared ir referred to aate from the A nor has SEBI
sets forth concctive investor sh to this Schemes/Web site/Dis
he Statement oal information legally a partest Investor Se
should be read
nformation Do NSE). NSE vide the Exchangend’s units are
1 | P a g e
RMATIO Protection Oital Protection
AAAmfs(SO) By
FOR NG*
um
s y
n doubt about
Rs. 10 per uniter Opens on: er Closes on:
d Hirachand M
anararobeco.co
in accordance s SEBI (MF) Re
AMC. The units certified the
cisely the informhould know bee Information stributors or Bro
of Additional In on www.canat of the Schemervice Centre o
d in conjunction
ocument has bde its letters e’s name in this proposed to
ON DO Oriented Fun Oriented Schey CARE #
whether the p
t during the Ne 12th May, 20 26th May, 20
Marg,
om
with Securitiesegulations) as being offered accuracy or a
rmation about efore investing. Document afteokers.
nformation (SAararobeco.com.me Informatioor log on to ou
n with the SAI
been submitted NSE/LIST/2359s Scheme Infor
be listed subj
CUMENnd– Series 8
eme)
RISKO METER
product is suita
ew Fund Offer.017 017
s and Exchange amended till dd for public subadequacy of t
the Canara Ro Before investi
er the date of
AI) for details o. n Document).r website.
and not in iso
d to National 95 dated 23rd
rmation Documect to, the M
NT 8
R
ble for them.
.
e Board of Inddate, and filed bscription havehe Scheme In
obeco Capital ing, investors s this Documen
of Canara Robe
. For a free co
lation.
Stock Exchangd April, 2015 ment as one ofutual Fund fu
ia (Mutual with SEBI, e not been nformation
Protection should also t from the
eco Mutual
opy of the
ge of India has given f the Stock lfilling the
various cpurpose ounderstooScheme Iendorse twarrant tresponsibthe Mutu # CARE viCapital p(StructureinvestmeapprovalsRobeco Aperformawithdrawsuch otheas aforesScheme. assume acomplying This Sche
riteria for listin of deciding onod that the afnformation Do
the correctneshat the Mutua
bility for the final Fund.
de its letter CArotection Orieed Obligation)nts that the Ss and fulfillmeAMC. The ratince of the M
w or revise the er circumstancesaid, however, The rating is rany responsibig with any guid
me Informatio
ng. The Exchan the matter oforesaid permocument has bs or complete
al Fund’s units nancial or othe
ARE/HO/RL/20nted Fund Se]. The rating in
Scheme has ment of all condngs should, hutual Fund Sc above rating es, which CARE, should not b
restricted to Clity on its pardelines or dire
on Document i
nge has scrut of granting th
ission given bbeen cleared oeness of any of will be listed or soundness of
016-2017/1553ries 8 respectndicates highe
made. The condditions specifie
however, not cheme, NAV o at any time onE believes, maybe treated as Canara Robecort, for any liabctives issued b
s dated 13th Ap
2 | P a g e
inized this Sche aforesaid pe
by NSE should or approved byf the contents
or will continuf the Mutual F
3 dated 01st Juively, as ‘[CAR
est degree of sditional ratinged in the stru
be construed r of volatility n the basis of y have an impa a recommendo Capital Protebility, that may SEBI or any o
pril, 2017
heme Informatermission to t not in any wy NSE; nor does of this Scheme to be listed und, its sponso
ly, 2016 has cRE]AAAmfs(SOafety regardin
g is subject to uctural provisio as an indicat in its returns. new informatact on the ratindation to buy,ection Orienteday arise conseother mutual fu
tion Documenthe Mutual Fu
way be deemedes it in any mame Information on the Exchanors, its manag
conditionally raO)’ pronounced
g timely receip the Scheme ons agreed betion of expect CARE reserveion or unavailng assigned to , sell or hold d Fund - Seriesquent to the und regulatory
nt for its limitend. It is to bed or construedanner warrantn Document n
nge; nor does iement or any
ated the Canad as [CARE Tript of payment
receiving the etween CARE ted returns, pes the right toability of infor the Scheme. T
the units issus 8 only. CARE
AMC/ Mutual y body.
ed internal e distinctly d that the , certify or
nor does it it take any scheme of
ra Robeco iple A mfs s from the
regulatory & Canara prospective o suspend, rmation or The rating,
ed by the E does not Fund not
ITEM
1.
2.
3.
4.
5.
6.
7.
8.
M NO.
SUM
RISK
DEFIN
DUE
INFO
UNIT
FEES
PENAINSPBEENREGU
MARY OF THE
FACTORS
NITIONS
DILIGENCE BY T
RMATION ABO
S AND OFFER
AND EXPENSE
ALTIES, PENDINECTIONS OR IN
N TAKEN OR IS IULATORY AUTH
TA
IN
SCHEME
THE ASSET MAN
OUT THE SCHEM
S
NG LITIGATION ONVESTIGATIONS N THE PROCESHORITY
3 | P a g e
BLE OF CONTEN
NDEX
NAGEMENT CO
ME
OR PROCEEDINS FOR WHICH ASS OF BEING TA
NTS
OMPANY
NGS, FINDINGS ACTION MAY HAKEN BY ANY
OF AVE
PAGE NO.
4
7
12
15
16
36
53
56
Name oSchemeType / CInvestmObjectiv
Tenure InvestmOptions
MinimuApplicatAmountApplicabfor RepuUnits / SOut Load Str
of the e
C
Category Cment ve
TtiF
Tment
T
DIo
I
Ins3cD
m tion t
M
ble NAV urchase of Switch
NIob
ructure EStbbd EN/S
Canara Robeco
Close Ended CaTo seek capitalhe maturity onstruments. H
Fund does not The scheme wiThe Scheme wi Regular pla Direct plan:
Default Optionn case of valid
option for Grow
n case of valid
Scenario Bt
1 N
2 N
3 N
4 M
5 D
6 D
7 M
8 M
n cases of wro
shall be proces30 calendar dacorrect code is Direct Plan from
Minimum amo
No redemptionnvestors wishi
of India Ltd (NSby the TrusteesEntry Load - NilSEBI vide its Cirthere shall be nby the investor,by the investor,distributor. Exit Load/ SwitNo Exit Load is a/ Mutual Fund Scheme are list
SUMM
o Capital Protec
apital Protectiol protection by
of the scheme aowever, there
assure or guarll have the tenll offer two plan: Growth, D Growth, Divid
n: applications re
wth Option and
applications re
Broker Code methe investor
Not mentioned
Not mentioned
Not mentioned
Mentioned
Direct
Direct
Mentioned
Mentioned
ong/ invalid/ inssed under Regays of the rece not received
m the date of a
unt: Rs. 5,000
n/repurchase ong to exit maySE) or any of ts. .
rcular No. SEBI no Entry Load f, if any, shall b, based on the
ch-over load : applicable duri before maturitted on NSE Inv
4 | P a g e
MARY OF THE S
ction Oriented
on Oriented schy investing in h and seeking cae is no assuranrantee any retuure of 1140 da
ans Regular anividend (Payouend (Payout)
eceived withoud processed ac
eceived the de
entioned by
d
d
d
ncomplete ARNgular Plan. Theeipt of the ap
within 30 caleapplication with
0.00 and multi
of units shall bey do so, only inhe stock excha
/ IMD / CIR Nofor all mutual fe paid to the d investor’s asse
Nil ing the term ofty of the Schemestors wishing
CHEME
Fund- Series 8
heme high quality fixapital appreciance that the oburns. ys including thd Direct. Unde
ut)
ut indicating acordingly.
efault plan will
Plan mentioneinvestor
Not mentioned
Direct
Regular
Direct
Not Mentioned
Regular
Regular
Not Mentioned
N codes mentioe AMC shall conpplication formendar days, thhout any exit lo
iples of Rs.10.0
e allowed prion demat modeange(s) where
o. 4 / 168230 /fund schemes. distributor (AMFessment of var
f the Scheme sime, being a clo to exit may do
8
xed income setion by investibjective of the
he date or alloter each plan th
ny choice of op
be captured b
ed by the
d
d
d
oned on the apntact and obta
m from the inve AMC shall re
oad.
00 thereafter d
r to the matur, by selling thr the scheme w
/ 09 dated Jun The upfront coFI registered dirious factors in
ince no redempose ended Scheo so through th
curities maturng in equity an
e Fund will be
tment. ere are two op
ptions, it will b
ased on below
Default Plan tcaptured
Direct Plan
Direct Plan
Direct Plan
Direct Plan
Direct Plan
Direct Plan
Regular Plan
Regular Plan
pplication formain the correct vestor/ distribueprocess the tr
during New Fu
rity of this closerough Nationa
will be listed as
ne 30, 2009 haommission on iistributor / ARNcluding service
ption is permiteme. However,he Stock Excha
ring on or befond equity relat realized and t
ptions
e considered a
w table
to be
m, the applicati ARN code with
utor. In case, transaction und
nd Offer.
e ended scheml Stock Exchan
s may be decid
as stipulated th investment maN Holder) direce rendered by t
tted with the AMr, the Units of tange route as p
ore ted the
as
ion hin the der
me. nge ded
hat ade ctly the
MC the per
Bench M
NFO PricLiquidity
Rating
NAV DisPortfoliodisclosu
ApplicatSupportBlocked(ASBA)
TransactCharges(For LumPurchas
r
Mark C AHcprI
ce Fy T
PNbdmahi Nwfatp
Trc
sclosure/ o
ure
NTfDtdwAdcp PAft Apo
tions ted By Amount
IAtp Fo
tion s mpsum ses
Trtt
rules specified b
CRISIL MIP Blen As approved bHowever, The conditions, a dperformance orenders it an inndex for the Sc
Face Value of RThe Scheme bProtection OriNSE/LIST/2359be traded on Ndeemed appromean and incladmitted with have a demat n electronic fo
No redemptionwishing to exit or allotment
account(s) canhe stock exch
proceeds shall The proposed prating agency, capital protectiNAV disclosureThe AMC will carom the date
Day. NAV of thwo daily new
displayed on thwebsite of AssoAMC (www.candelay would bcommencemenpress release p Portfolio DiscloAs presently reqriendly and doenth day of th
As per the cupublished by thof each half yeanvestors may
ASBA form andhe account as
procedure spec For complete don our websiteThe AMC shall received from fhrough the diype) as under:
by the Stock Ex
nded Fund Inde
by the Board o Trustees reseifferent index a
or if the indicaneffective base cheme would b
Rs. 10.00 per ubeing offered tented scheme
95 dated 23rd ANSE. The units
opriate by the lude BSE and/ NSDL and CDS account prior trm as per the I
n/repurchase o may do so by
of units in el dematerializeange. The sch
be paid out wi portfolio struct from the viewon. The rating
e alculate and di of allotment. e scheme will
wspapers on dahe website of tociation of Munararobeco.coe explained tont of business roviding reaso
osure: quired by the S
ownloadable foe succeeding m
rrent SEBI Rehe Mutual Funar (i.e. March 3 apply throughd submitting ths per the authcified therein.
details on ASBA www.canarar
deduct the Tra first time mutuistributor/agen:
5 | P a g e
xchange(s).
ex
of Trustees, thrve the right t
appears to be ted benchmar for performan
be actuated onnit
through this Se. In-principle April, 2015 for s may also be Trustees, acco/or such otherSL. Applicant w to making the ISIN allotted by
of units shall b selling their uectronic form
e their holdingheme shall be thin 10 busine
ture has been rw point of asse
would be revi
isclose the first Thereafter, th be calculated aily basis in a
the AMC www.utual Funds in m) by 9.00 po AMFI by the hours on the
ons and explain
SEBI Regulatioormat on the wmonth.
egulations, a d as an advert
31 & Septembe the ASBA pro
he same to thehority contain
A process referobeco.com. ansaction Charual fund investont (who have
he above ment to change the providing a mrk ceases to exnce comparisonnly post approv
Scheme Inform approval has listing the uni listed on BSE ordingly then rr Stock Exchanwho wishes to e application. Ty NSDL and CD
be allowed prnits through st or where the
gs and then ex fully redeemess days.
rated ‘[CARE]Assing the degrewed on a qua
t NAV(s) of thehe NAV will be up to four decaccordance witcanararobeco
India – AMFI (.m. every day
e next busines following day
ning when the
ns, the portfol website of AMC
complete stattisement in a ner 30) or mailecess during th
eir respective bed in ASBA fo
r Statement of
rges on purchaors and investo opted to rece
tioned Benchme benchmark ore appropriatxist or undergn and analysisval from Board
mation Docums been obtaints on the exch and/or other
reference herenge(s). The un apply for allo
The Units woulDSL.
ior to the mattock exchangee units are noxit the schemeed on the date
AAAmfs(SO)’ byree of certaintyarterly basis.
e scheme not lae calculated ancimal places anth the SEBI R.com. The AMC
(www.amfiindi. In case of an
ss day. If the Ny due to any r Fund would be
io of the schemC (www.canara
tement of the newspaper wited to the Unit e NFO period
banks, which inorm, and und
Additional Inf
ase / subscriptor other than five the transa
mark is selecte if due to a chte basis for com
goes a substan. Any change in
d of Trustees.
ment is a Closned from NS
hange Units in r stock exchanein to NSE shanits of the sch
otment in electld be available
turity of the scs. Unit Holdersot credited to
e by selling thee of maturity
y CARE, a SEBI y for achieving
ater than 5 (fivnd disclosed fond shall be pub
Regulations. NAC shall update a.com) and thny delay, the
NAVs are not reason, the Fue able to publi
mes shall be avarobeco.com)
e Scheme porthin one mont holders. of the Schemen turn will blocertake other t
ormation (SAI)
tion of Rs. 10,0 first time mutuaction charges
ed for the Funhange in markmparison of funtial change thn the Benchma
se Ended CapiE vide its lett demat form cge(s) as may
all be deemed heme have betronic form mue for trading o
cheme. Investos who do not o
o the beneficiaeir units throu and redempti
registered creg the objective
ve) Business daor every Busineblished in atleaAVs will also the NAVs on t
he website of t reasons for su available befound shall issuesh the NAVs.
vailable in a us on or before t
rtfolio would th from the clo
e by filling in tck the amount
tasks as per t
) made availab
000/- and aboual fund investo for this Schem
nd. ket nd
hat ark
tal ter
can be to
een ust nly
ors opt ary gh on
dit of
ays ess ast
be the the uch ore e a
er- the
be ose
the t in the
ble
ove ors me
receiveddistributagent dNFO)
Maturity
Demate
d through tor/ uring
FTssITsaT
y TBtUFr
erialization TosrCbd It(cel/mRn Tream
First Time MutuTransaction chasubscription amsubscription amnvestor other
Transaction chsubscription amamount shall bTransaction cha
Purcha Transa
etc. No tran
Fund (i Transa
The Units of thBusiness Day, the maturity da
Unit Holders, reFor the Units hredemption amThe Unit holdeopting to holdsection of the required to haCDSL) and willbeneficiary accduring the NFO n case the unihe details do non-demat) fo
converted intoelectronic (deminked to their
/Rematerializemode into elecRequest Form names in the a The allotment requirements aelectronic (demand the Securitmay be amend
ual Fund Invesarge of Rs 150
mount and pamount shall be than First Timearge of Rs.100
mount and paidbe invested. arges shall not
ases /subscriptction other tha
nsaction chargi.e. not througctions carried e Scheme sha
the immediateate, all Units uedeemed at th
held in electromount will be prs are given an the units in d application fo
ave a beneficial be required count number O.
t holders do n not match witorm. Such inveo demat formmat) form will Demat accound form at a latctronic (demat to their Depoccount statem
of units in das laid by the mat) form will ties and Excha
ded from time t
6 | P a g e
stor: 0/- for subscripid to the distr invested. e Mutual Fund0/- per subscrid to the distrib
t be deducted ions for an aman purchases/
ges will be dedh any distribut
out through thll be fully redeely succeedingnder the Schem
he Applicable Nonic form, thepaid to the Unitn Option to ho demat form morm. The Unitary account w to indicate in of the applica
not provide theth the records
estors will not b. Unitholders receive paymnt. In case, theter date, the ret) form or vice
ository Participent is the sam
demat form s Depositories ( be transferab
ange Board of to time.
ption of Rs. 10ibutor/agent o
d Investor: iption of Rs 10
butor/agent of
for : mount less than
subscriptions
ucted for any ptor/agent). he stock exchaneemed at the e Business Day me will be com
NAV of that daye Units will bet Holders withild the units in
must provide tt holder intenith a Deposito the applicationt held with th
eir Demat Accos as per Depos
be able to trad who have opent of redempe Unitholder dequest for cone-versa shouldpant(s). Investe as that in the
hall be subjec(NSDL/CDSL) frle in accordan
India (Deposit
0,000 and aboof the first tim
0,000 and abof the investor. T
n Rs. 10,000/-; relating to new
purchase/subs
nge mode. end of its tenur will be consid
mpulsorily, andy. e extinguishedin 10 business Dematerializetheir Demat Anding to hold ory Participanton the DP's nhe DP at the t
ount details orsitory(ies), unie in the stock e
pted to hold ption / dividendesires to holdversion of unit
d be submittedors should ene demat accou
ct in terms ofrom time to ti
nce with provistories and Part
ove will be deme investor. Th
ove will be de The balance of
; w inflows such
scription made
re. If the matudered as the md without any f
d with the Dep days from the ed (‘Demat’) foccount details
the units in Dt (DP) (registename, DP ID Nime of subscri
r provide incomts shall be all
exchange till t and thereby nd proceeds ind the Units in ats held in physd alongwith a nsure that theunt.
f the guidelinime. Further, tsions of Deposticipants) Regu
educted from te balance of t
educted from tf the subscripti
as Switch/ STP
directly with t
urity date is nomaturity date. O further act by t
pository and t maturity dateorm. Unit holde in the specifiDemat form ared with NSD
Number and tbing to the un
mplete details otted in physiheir holdings a
allotted units nto bank accou a Dematerializ
ical (non-dem Demat / Rem combination
nes / procedu the units heldsitories Act, 19ulations, 1996
the the
the on
P/,
the
t a On the
the . ers ied are L / the nits
or cal
are in unt zed at)
mat of
ral in 96 as
A. RISK FA Standard I. MutuII. Mutu
that III. Inves
defaIV. As th
invesV. The pVI. Cana
manVII. Cana
the oRobe
VIII. The p
Scheme s
I. RisksInterinstruexistthe pthe sRe - on thBasisto exportfSprebencThe bencLiquiliquidilliquCreddefadefanoteamoand aLiquitheirdivesbefoSettlfund
II. Risks•
ACTORS
Risk Factors:
ual Fund Investual Funds and the objectives stment in Mutuult risk includinhe price / valustment in the S past performanara Robeco Caner indicate ei
ara Bank and R operation of theco Mutual Fun present schem
specific Risk Fa
s associated wrest - Rate Risuments and ding fixed incom
prices depends security is being investment Rihe coupon pays Risk: The undxist and thus mfolio. ad Risk: In a
chmark rate. In yield of the uchmark might iidity Risk: Thedity premium
uid, leading to it Risk: This isulting on coupult, the price od here that a unt of credit ri
a bond rated hidity Risk on ar holdings of stment. The unre the divestmement Risk: F house to swift
s associated wEquity and eqof investmentSettlement peto make inteninvestment op
tments are sub securities inve of the Schemeual Fund units ng the possibleue / interest ra Scheme may gnce of the Spopital Protectiother the qualit
Robeco Groep Nhe Scheme beynd. e is not a guar
ctors:
with investmentsk: Fixed incomerivatives run
me securities fas upon the coug traded. sk: Investmenment or matu
derlying benchmay not be ab
floating rate n the life of thenderlying ben
increase leadin liquidity of a
attached to th loss in value ofs the risk assopon payments
of a security m Government Sisk than Goverhigher by a paraccount of unl unlisted securnlisted securityent date can le
Fixed income stly execute trad
with investmentuity related sets made in t
eriods may be ded securities
pportunities. S
I.
bject to marketestments are sue will be achiev involves inves
e loss of principates of the seo up or down. nsors/AMC/M
on Oriented Futy of the Schem N. V., being thyond the initia
ranteed or assu
ts in Fixed Income securities s price - risk orall and when iupon and mat
ts in fixed incority dates may mark of a floatle to capture t
security the ce security this schmark might
ng to loss in va bond may cha
he price of the f the portfolio.
ociated with ths or in paying may change wSecurity is a sonment securitirticular rating aisted securitierities may be y can go down ead to losses insecurities run tding strategies
ts in equities acurities are vohe Scheme m extended sign purchases, duimilarly, the in
7 | P a g e
INTRODUCTIO
t risks, read allubject to markved. stment risks supal. curities in wh utual Fund doend- Series 8 is
me, its future pe Sponsors, ar
al contribution
ured return sch
ome Securitiessuch as governr interest - rat
nterest rates durity of the se
ome securities differ from theting rate secur
the exact inter
coupon is exppread may mo
t not change, lue of the secuange, depend bond. At the t. he issuer of a back the prinith expected c
overeign securiies. Within cor
agency is saferes: The liquidit affected if th in value beforn the portfolio
the risk of setts which can lea
and equity relalatile and pron
may be restricificantly by un
ue to settlemennability to sell
ON
scheme relateket risks and th
uch as trading v
ich the Schem
es not guarants only the namprospects or ret
e not responsi of Rs. 10 Lacs
heme.
s nment bonds, e risk. Genera
drop, such pricecurity. It also d
carry re - invee original couprity or a swap mrest rate move
pressed in termove adversely l but the spreaurity. ing on market
time of selling
debenture / ncipal amountchanges in theity and is the sporate bonds than a bond rty and valuatiohey have to bre the divestme. tlement which ad to adverse m
ated instrumenne to price fluccted by tradinforeseen circu
nt problems, c securities held
ed documents here can be no
volumes, settle
me invests fluct
tee future perfome of the Scheturns. ble or liable fo
s made toward
corporate bonally, when intees increase. Th
depends upon
stment risk as pon of the bond might become ements, leadin
ms of a sprea eading to loss ad of the secu
t conditions le the security, t
bond or a mot on maturity. e credit rating safest. Corpora also there are rated lower by on of the Schebe sold prior ent date and s
can adversely movements in
nts ctuations on a ng volumes amstances. Theould cause the
d in the Schem
carefully. assurance or
ement risk, liq
tuate, the valu
ormance of thme and does
or any loss resuds setting up t
nds, and monerest rates risehe extent of fan the yield leve
interest rates d. less active or
ng to loss of va
ad or mark up in value of therity over the u
ading to chan the security ca
oney market i Even when th of the issuer. ate bonds carr different level the same ratineme investmen to their targeselling of these
y affect the ab NAV.
daily basis. Thand settlemene inability of the Scheme to m
me portfolio wo
guarantee
uidity risk,
ue of your
e Scheme. not in any
ulting from he Canara
ey market , prices of ll or rise in
el at which
prevailing
may cease alue of the
p over the e portfolio. underlying
ges in the an become
nstrument here is no It is to be ry a higher ls of safety ng agency. nts due to et date of e securities
ility of the
he liquidity t periods.
he Scheme miss certain
ould result
•
•
III. RisksAs anDerivfromundeto mthe aby ththe tvaluaindicThushavelosseoppounceFundThe rinvesTrada. Anb. Anc. Effsecu
IV. RisksThe sorienany binvesreinvCAREthe vtenuby thaccuthe rratinwithdratedThe objec
V. Risks
at times, in poheld in the Sccurrency exchaor other devesectors. Investments inthe equity SchSecurities whiliquidity risk ininvestors, inclyields within tliquidity and vthey have to b
s associated wnd when the Scvative product
m those associaerlying instrum
monitor the tran ability to forecahe portfolio as terms of the dation of derivaces. , derivatives a
e a large impaes to the investortunities. Ideertainty and ded Manager will risk associatedsting directly ining in derivativ
n exposure to dn exposure to dficiency of a derities.
s associated w scheme offerentation toward bank guarantestors can be imvestment risk. E’s rating is no
volatility of netre of the sche
he issuer or oracy, adequacy
results obtaineg and may odrawn as a resd by CARE have portfolio of thctive of the Sch
s associated wAlthough UnitExchange(s), tTrading in Unreasons that i
otential lossesheme portfolioange rates, chlopments whic
n equity and eqemes unless thch are not quo
n comparison wuding put opt
the regulatoryvaluation of thebe sold prior to
with investmentcheme trades s are specializ
ated with stockment but also o
nsactions enteast price or int a result of thederivatives conatives and the
re highly leveract on their vator. Execution ntification andecision of Fund be able to ide
d with the use n securities andves has the foll derivatives in e derivatives canerivative mark
with Capital Prod is “oriented
ds protection oee, insurance cmpacted by in
ot a recomment asset value (me any time bbtained by CAy or completen
ed from the uson occasion result of changese paid a rating he Scheme woheme.
with Market Trats of the Schem there can be nonits of the Sch in view of Exc
to the Schemo. Also, the vaanges in law /ch may have a
quity related shey can afford oted on the st
with securities tions. The AMCy limit. This me Scheme inve the target dat
ts in derivative in the derivativzed instrumenks and bonds. of the derivativered into, the aterest rate move failure of anontract. Other ri inability of d
raged instrumelue. Derivative
of such strategd execution od Manager mntify or execut
of derivatives d other traditiolowing risks: excess of the hen also limit the ket depends on
otection and Ra towards prote
of the capital oover etc. The a
nterest rate mo
ndation to buy,(NAV) of the scbefore maturityARE from sourness of any infse of such infoely on unauds in or unavaila fee.
ould be review
ading me as mentiono assurance th
heme on the Echange Author
8 | P a g e
me, should theralue of the Sch/ policies of thean adverse bea
ecurities involv to take the ristock exchange that are listedC may choose
may however istments due tote of disinvestm
es ves market, thts that require
The use of a dve itself. Deriva ability to assesvements corre
other party (usuisk in using deerivatives to c
ents. Even a smes can providegies depends uof the strategay not alwayste such strateg is different froonal investmen
edging require profits from a n the developm
atings ection of capitaoriginates from ability of the poovements in t
, sell or hold acheme or the y. The ratings ces it consideformation and
ormation. CAREited informatiability of such
wed on a quar
ned in this Schhat an active seExchange(s) mrities or SEBI, t
re be a subseqheme investmee government,aring on indivi
ve a degree ofk of losing thes are inherent
d on the excha to invest in u
increase the ro its holdings oment.
ere are risk face investment
derivative requatives require tss the risk thatctly. There is aually referred aerivatives inclucorrelate perfe
mall price move disproportionupon the abilityies to be pu be profitableies. m or possibly
nts.
ements can lea genuine invesment of a liqu
al” and “not gm the portfolio
ortfolio to meehe market, cr
a fund or schem level of NAV c are based on rs reliable. CA is not responsE does not perion. The ratin information, o
rterly basis rat
heme Informatecondary markmay be halted trading in Uni
quent decline ients may be af, taxation lawsidual Securitie
f risk and invesir investment. tly illiquid in nanges or offer ounlisted securitrisk of the por of unlisted secu
ctors that inves techniques anuires an under the maintenan a derivative a
a possibility tha as the "counteude the risk ofctly with unde
ement in the unate gains as wy of the Fund Mrsued by the . No assuranc
greater than, t
ad to losses. stment transacuid and efficien
guaranteed wit structure of thet capital proteedit defaults b
me. These raticompared to th current inform
ARE does not, sible for any erform an audit
ngs may be c or based on ot
ting agency, C
tion Documentket will develop because of mits of the Sche
n the value offfected by intes and political,s, a specific se
stors should no ature and carr
other exit optities that offerrtfolio. Additiourities may be
stors should unnd risk analysisstanding not o
nce of adequatadds to the poat loss may beer party") to cof mispricing orerlying assets,
underlying sec well as disprop Manager to ide Fund Manage can be give
the risks assoc
tion. nt market for u
th returns”. Fuhe scheme andection on matuby bonds, exp
ngs do not comhe face value d
mation furnishe however guarrrors or omisst in connection
changed, suspther circumstan
CARE, in the lig
t are to be listp or be maintamarket conditieme is not ad
f securities erest rates, economic
ector or all
ot invest in
ry a larger ons to the attractive
onally, the affected if
nderstand. s different only of the te controls rtfolio and
e sustained omply with r improper rates and
urity could portionate entify such er involve n that the
ciated with
underlying
urther, the d not from urity to the enses and
mment on during the ed to CARE rantee the ions or for n with any ended, or nces. Fund
ght of the
ted on the ined. ons or for visable. In
VI. Risk The tmutuand/procecontroper
VII. Risk aInvesmeet
VIII. Risk
A cloInvesmodappltradeto m Althocouldimpa
B. REQUIR
The Scorputhe twounfromallotrejecsuch Offer
addition, tradand pursuant Exchange necunchanged. Any changes discount to NAThe Units of tchanges in theThe trading prmarket supplyThe Units will respect to theUnits by the Mto be receivedAs the Units anot provide fo
factors associa trading mechaual fund units /or BSE or any essing viz. collrol. Moreover,rating guideline
associated withstments in mot interest and pMoney marketrates, the geninstruments. The NAV of thewill be affectedportfolio of mo
factors associa
ose ended Schestors who wishe, if they havication form. Fed may be at aaturity may no
ough the securd get impacteact at maturity
REMENT OF M
Scheme shall hus of the schem
time of allotmend up in accor
m SEBI. In casement, the app
cted and the a exposure over.
ing in Units of to Exchange aessary to main
in trading regAV. he Scheme mae market valuerices of Units o
y and demand f be issued in
e number of UMutual Fund on
from depositollotted under r redemption /
ated with procanism introduc in both Physi other recognilection of app, transactions es and directiv
h investment iney market inprincipal paymt instruments
neral level of m
e Units, to thed by changes ioney market in
ated with Close
eme endeavorh to exit/redeeve opted to h
For the units li a discount to tot get the desir
rities in the pod on account while liquidat
INIMUM INVES
have a minimume. These conent. In case ofdance with Re
e of non-fulfillplication to thellotment woulr 25% limits w
f the Scheme isand SEBI ‘circuntain the listin
gulations by th
ay trade abovee of Plan’s hold of the Scheme for the Units o demat form tUnits available n the maturityory(ies) on whi Scheme of the / repurchase o
cessing of transced by the stoccal and Demased stock exchlication form, conducted thves issued by re
n Money Markstruments wou
ments. may also be smarket liquidity
extent that th n the level of instruments can
e Ended Schem
rs to achieve tem before the
hold Units in sted on the exhe NAV of suchred returns.
ortfolio will hav of company/sing the portfol
STORS IN THE S
um of 20 invesnditions will bef non-fulfillmengulation 39 (2ment with the
e extent of expld be effective
will lead to refu
9 | P a g e
s subject to trait filter’ rules.
ng of Units of
he Exchange(s
e or below thedings. e will fluctuate of the Scheme. hrough depos to the credit
y date / final rech the Mutual
e Scheme will of Units prior to
saction througck exchange(s)at Form. The ahange(s), on a order processrough the sto
espective recog
ket Instrumentuld involve a m
ubject to pricey and market
he corpus of th nterest rates. Wn be expected t
mes:
he desired rete scheduled ma a demat formxchange, it is ph Units. Hence
ve high markesector/generalio.
SCHEME
tors and no sine complied withnt with the con2) (c) of SEBI (Me condition ofposure in exce only to the ex
und within 5 b
ading halts cau There can be n the Scheme w
s) or SEBI ma
eir NAV. The N
in accordance itories. The re
of Unit holderedemption dat Fund has no c
be listed on tho maturity / fin
gh Stock Excha is configured
allotment and/any Business D
ing / settlemeock exchange gnized stock ex
ts moderate cred
e volatility due perception of
he Scheme is in When interest to decline.
urns only at thaturity date m
m, by mentionpossible that the, Unit Holders
et liquidity, thel market relate
ngle investor sh immediatelyndition of minMF) Regulationf 25% holding
ess of the stipuxtent of 25% ousiness days o
used by extrao no assurance twill continue to
y inter-alia re
NAV of the Sch
e with changes
cords of the dr. Settlement ote will dependcontrol. he Exchange(snal redemption
nge Mechanis to accept and /or redemptioay will dependent, etc. upon
mechanism shxchange(s).
it risk i.e. risk o
to factors suc creditworthine
nvested in mon rates in the m
he scheduled mmay do so throning their demhe market pric who sell their
ere is a possibied events and
hall account foy after the closeimum 20 invens automaticalg by a single ulated 25% lim of the corpus of the date of c
ordinary marke that the requiro be met or w
sult in wider
heme will fluct
s in their NAV
depository are of trades, repu
upon the con
), the Mutual n date of the Sc
sm process transa
on of Units thrd upon the mo which the Fu
hall be govern
of an issuer’s i
ch as changes ess of the issu
ney market insmarket rise, the
maturity of theugh the stock
mat details once at which ther Units in a Sch
lity that marked there could
or more than 2e of the NFO itstors, the serielly without any
investor on thmit would be li collected. Con closure of the
et volatility rements of will remain
premium/
tuate with
as well as
final with urchase of firmations
Fund shall cheme.
actions for rough NSE odalities of nd has no
ned by the
inability to
in interest uer of such
struments, value of a
e Scheme. exchange
n the NFO e units are heme prior
et liquidity be a price
25% of the tself i.e. at es shall be y reference he date of able to be sequently, New Fund
C. SPECIA
• Procarefinaprofred
• NeitregInfoaccoAddlega
• TheinfoInfothisincothe
• Redtax suc
• Theconpro
• Theas agiveprashoinveof aeac
• Theaffeand
• If a unitrep
• Thefolio
• TheHonAM201
ConmeandactiReganyeacactiMutacco
AL CONSIDERAT
spective investefully in its enancial, investmfessional adviseeming Units, ther this Scheistered in any
ormation in ceordingly, pers
ditional Informal compliance
e AMC, Trusteeormation or toormation Docus offering. Proorporated in th AMC as having
demption due t consequencesh tax conseque
e Trustee, AMCnsequences thavided in ‘State
e tax benefits d available undeen is included ctice currently
ould be awareestment, therean investment ch Unit holder ie NAV of the secting capital md transfer proce Unit holder ints by the Unit urchase may ime AMC and/ oro(s) and transa
a) RTA, Bandispatching
b) Distributorc) Any other
of the Unite AMC is the sungkong for IndC is also the Po
13 granted by Sntrols and safentioned above
d the said businvities and the
gulation 24(b) y activity whichch scheme of vists, and the tual Fund; andount of the inv
TIONS
tors should stuntirety and sh
ment or any osors to determ before making
eme Informati jurisdiction. Thrtain jurisdictio
sons who commation are requ
requirements. or the Mutua
o make any rement or the St
ospective Invehe Scheme Infg been author to change in ths. The Trustee, ences that mayC, Mutual Funat may arise, ement of Addit described in ther the present only for gene in force in Ind that the rele
e can be no gu in the Schem
is advised to cocheme may b
market in partedures.
nvests in the sc Holder may hampact the abil its Registrars action details t
nks and/or aug etc., of the Urs or sub-broke organizations tholders for comub-Investment ian Securities ortfolio Manag
SEBI. eguards prescrie are being adhness activities Mutual Fund of the SEBI (M
h is in conflict w the Mutual Fu key investmend (c) ensuringvestor under Po
udy this Schemhould not conother matters mine possible g a decision toon Document
he distribution ons may be re
me into posseuired to inform l Fund have nopresentations,tatement of Ad
estors are advformation Docized by the Muhe fundament AMC, Mutual y arise due to snd, their direc
in the event tional Informat
his Scheme Inf taxation laws ral purpose andia as on the
evant fiscal ruarantee that te will endure onsult his / here affected by icular, level of
chemes and acave an adversity of other Un
& Transfer Age there under wiuthorized exteUnitholder’s invers through wh for compliancemplying with a Manager in re pursuant to Noger pursuant to
ibed under thehered to and th of AMC. The A will be adequMutual Funds) with the activitund, will not nt team of the that there is ortfolio Manag
10 | P a g e
e Information strue the con
and are advis legal, tax, fin invest / redee, Statement o of this Schemstricted or tota
ession of this m themselves a
ot authorized a, either oral ordditional Informvised not to cument or Statutual Fund, theal attributes of Fund, their dir
such Redemptctors or their hat the Schemtion (‘SAI’)’. ormation Docu and are availand is based on date of this Scles or their inhe tax position
indefinitely. Inr own professio the changes inf interest rates
cquire a substae impact on th
nit holders to reent (RTA) reserth the followin
ernal third pavestment in thehom the applice with any legaanti-money lauespect of Can bo Objection isso Certificate of
e Regulation fohere is no confMC will ensureuately address Regulations,1ties of the mu
play any role e other busine no interest tragement Service
Document antents hereof
sed to consultancial or othe
em / hold Unitsof Additional Ie Information ally prohibited Scheme Info
about and to
any person to ir written, othemation or as prely upon anytement of Add
e AMC or the Trf the Scheme orectors or theiions. employees sh
me is wound u
ument and Staable subject to
n advise receivcheme Inform
nterpretation mn or the propo
n view of the inonal tax advison the general s, various mark
antial portion ohe units of theepurchase theirve the right tong third partiesrties who aree Scheme;
cations are receal or regulator
undering requir bank (Offshoreued by SEBI vid Registration IN
or managing tflict of interest e that any potesed by (a) com1996 which retual fund; (b)
in the day-toss activities is ansfer of assees.
d Statement o as advise relat their legal, ter consideratios. nformation no Document or
d due to registrrmation Docu
observe any su
issue any adveer than that corovided by they informationditional Informrustee.
or due to any or employees sh
hall not be liaup for the reas
atement of Ado relevant coned by the AMCation Docume
may change. Aosed tax positiondividual natuor. market conditket related fac
of the scheme e schemes, becr units.
o disclose/shars: e involved in
eived for the Scry requirementrements. e) Fund. The Ade its letter datNP000003740
the other busin in managing tential conflicts
mpliance with quire that the ensuring that day operation not involved wts between th
of Additional Inating to legal,tax, financial ons of subscrib
or the Units h Statement of ration requiremument or Statuch restriction
ertisement or tontained in the AMC in conne or represent
mation or as pr
other reasons mhall not be liab
able for any osons and in th
ditional Informditions. The inC regarding thent and the Un As is the caseon prevailing aure of tax cons
tions, factors actors, settleme
units. The repcause the timin
re Unit holder’s
transaction p
cheme; ts or to verify th
AMC sub-adviseted 29th June,0 dated 06th Se
ness activities the Schemes o between othe
the requiremee AMC cannot the fund man
ns of the othe with the activit
e Mutual Fun
nformation , taxation, and other bing to or
have been Additional ments and tement of s and / or
to give any is Scheme
ection with tation not rovided by
may entail ble for any
of the tax he manner
mation are nformation he law and nit holders e with any at the time sequences,
and forces ent periods
urchase of ng of such
s details of
processing,
he identity
es Robeco, , 2011. The eptember,
of AMC as of the Fund er business ents under undertake nager(s) of r business ties of the d and any
• Redtax suc
• Purdiligto pto rapp
KnowlaundidentAMCafterfulfilsuspany a
Furthand Awho regisAMF
demption due t consequencesh tax consequesuant to the gence, the AM
provide require report such suplication(s) / re
w Your Custodering. The Trtity. It may re-v shall have ab
r due diligencel the requiremicious in natur
application and
her, please noAMFI Best Prac is new to thester his/her KYI/CERSAI.
to change in ths. The Trustee, ences that may provisions of C believes that
ed documentatuspicious transedemptions / a
mer (“KYC”):rustees / AMCverify identity a
bsolute discretie, the Investor ments of the ‘re as regards md / or effect a m
te that as perctices Guideline KRA system YC by filing up
he fundament AMC, Mutual y arise due to s Prevention oft any transactition, informatactions to FIU
allotment of un
The need toC may seek inf and obtain anyon to reject a
/ Unit holder /‘Know Your Cu
money launde mandatory Re
r the provisiones Circular No.
and whose KYp the new CKY
11 | P a g e
al attributes of Fund, their dir
such Redemptf Money Launon is suspiciouion, etc. by the - IND and / o
nits.
o ‘Know Yourformation or oy missing or adny application
/ a person maustomer’ or thring. In this bedemption of U
s mentioned u. 68, with effecYC is not regisYC forms (for
f the Scheme orectors or theiions.
ndering Act orus in nature ase unit holder t
or to freeze th
r Customer’ isobtain and retdditional inform, or prevent fuking the paymhe Trustees / ehalf the Trust
Units allotted to
under the SEBct from 1st Feb
stered or verifi both individua
or due to any or employees sh
r rules made s regards mone
the AMC shall he folios of th
s vital for thetain documentmation for thisurther transact
ment on behalf AMC believestees / AMC reso the Unit hold
I circular dateruary, 2017, evied by the KRAal and non-ind
other reasons mhall not be liab
thereunder if ey laundering, have absolute e investor(s),
e prevention tation used to
s purpose. The tions by a Unit of the Investo
s that the transerves the righ
der.
d 10th Novemvery prospectivA system, is redividual) as pr
may entail ble for any
after due on failure discretion reject any
of money o establish Trustees / t holder, if
or does not nsaction is ht to reject
mber, 2016 ve investor equired to rovided by
D. DEFINI In this Schunless the
AMC FeeAMFI Exchang
ARN Register
Applicab
Applican
Asset CompanInvestm
Allotme
Business
Canara
CBLO
Credit ra
Custodia
DepositoDeposito
Derivati
TIONS
heme Informae context othe
es Certified St
ge Brokers
Holder/AMred Distributor
ble NAV
nt
Managemny OR AMC
ment Manager
nt Date
s Day
Bank
ating agency”
an
ory ory Participant
ve
tion Documenrwise requires
Investm
tock A persowith CaBSE & N
MFI rs
Intermethe busRegistraThe NAVreceived
“ApplicaCapital Docume
ment OR
Canara provisioBoard oRobeco The date8 are amade p
A day no(1) A Sat(2) A da(3) A da(4) A d
Exchopen
(5) A daperio
(6) A dband
Providedare locaBusinesHoweveredempBusinesNotwithBusinesbranch oCanara Companregister
Collaterapproveinstrumto ninet
A creditSEBI (CrThe cust
Deposit
t 'Depositsection Derivatisecured
nt, the followin:
ment managem
n who is registnara Robeco
NSE as Participaediary registeresiness of selliation Number (V calculated f
d by the Investm
ant” means a Protection Orient. Robeco Asset
ons of the Comof India to act a Mutual Fund. e on which thellotted to the ursuant to the
ot being: turday or Sund
ay on which Baay on which theday on which ange of India
n; or ay on which Puod is announceay on which
dhs, strikes or sd that the daysated, are closs Days at suc
er, if the branction and switcs Day for the S
hstanding the s Day and to
offices. Bank, a bodnies (Acquisitied office at 112
ralized Borrowed by RBI (deveent issued in a
ty days. t rating agencyredit Rating Agtodian to Cana
ory as defined
tory Participan 12 of the Securve includes (i) or unsecured,
12 | P a g e
ng words and e
ment fee charge
tered with AM Asset Manageant. ed with Associang and distri
(ARN) allotted for the Businement Manage
person who iented Fund- S
Managementmpanies Act,
as the Asset M e units of Cana successful app New Fund Off
day; or nks in Mumbaere is no RBI cl both the Sto Limited are c
urchase and Reed by the Trust normal busine such other eves when the ba
sed due to a ch branches foch offices in such requests wi
Scheme on an o above, the AM declare any d
y corporate con and Trans
2, J. C. Road, B
wing and Lendeloped by Clea
an electronic b
y registered wencies) Regula
ara Robeco app
in the Deposit
nt' means a perities and Exch a security der, risk instrume
expressions sha
ed by the AMC
MFI as Mutual Fement Compa
ation of Mutuabution of mu by AMFI. ess Day on wr or its authori
applies for alSeries 8 in pu
t Company Ltd 1956 and ap
Management Co
ra Robeco Capplicants from tfer.
i or the Reservearing/settlem
ock Exchangesclosed, whethe
edemption of ee / AMC; or ess cannot be
ents as the AMCnks in any loca
local holiday,or the purposech locations aill be accepted
overall basis. MC reserves thday as a Busin
constituted unsfer of Unde
Bangalore, 560
ding Obligatioring Corporatio
book entry form
with Securities ations, 1999 aspointed from t
tories Act, 1996
erson registereange Board ofrived from a dent or contract
all have the m
to the Scheme
Fund Advisor any Limited an
al Funds in Indutual fund un
hich Sale andzed agents.
lotment of unrsuance of thi
d. (CRAMC) inproved by Secompany for th
pital Protectiontime to time a
ve Bank of Indiament of securitis, Mumbai aner or not the
Units is suspen e transacted dC may specify fation where th such days wes of acceptinre open on su
d at those bra he right to chaness Day or ot
nder the provirtaking) Act,
0002.
ns is a Moneon of India Ltdm for maturity
and Exchanges amended froime to time.
6 (22 of 1996)
ed as such unf India Act, Serebt instrumen for difference
meaning specifi
e.
and who has sid also registe
dia (AMFI) to cnits and havin
d Repurchase
nits of Canaras Scheme Info
ncorporated uncurities and Ee scheme(s) o
n Oriented Funand includes a
a are closed, oies; or
nd the Nation banks in Mum
nded or a book
due to storms from time to tie AMC’s branc
will be treatedng fresh subscch local holidanches, provide
ange the defintherwise at an
isions of the 1970 and ha
ey Market Inst). CBLO is a dis ranging from
e Board of Indm time to time
.
der subsectionies XVIII92. t, share, loan
es or any other
ed herein,
gned up red with
carry out ng AMFI
requests
Robeco ormation
nder the xchange f Canara
d- Series llotment
or
al Stock mbai are
k closure
, floods, me.
ch offices as non
criptions. ays, then ed it is a
nition of ny or all
Banking aving its
trument, scounted one day
ia under e.
n (1A) of
whether r form of
Direct P
DividendEntry Lo
Exit "RedemEquity Instrum
Fund
Fund Ma
FPI
Gilt/Gov
Interest
Investoror "ISCs
Money Instrum
MIBOR NAV
NRI
Official AcceptaPerson
Person o
Rating
RBI
RedempRegulat
Repo
Reverse
RegistraAgent
lan
d oad or Sales Lo
Load mption Load
Relaents
anager
vt. Securities
Rate Risk
r Service Centes
Marents
Points nce
of Indian Origi
ption/Repurchory Agency
e Repo
ar and Trans
securityunderlyDirect pdirectly Income
ad Load on
or Load on
ated "Equity preferenderivativCanara
Person/
Foreign 2(1)(h) o2014, asCentral 1944) aAct. Uncertafluctuat
ers" DesignaLimited time.
rket Include having Deposit,of India
Mumba
The termmeans tA Non-R
of Places, /redemThe woother as
in A citizenan Indiacitizen o1955); oclause (Rating symbolsused by(Credit RReserveamende
ase Redemp
Governmgive any
Sale of date Purchasdate.
sfer Karvy CScheme
; (ii) a contracing securities.
plan is a separa i.e. investmen distributed by
n Sale / Switch
n Redemption /
Related Instrunce shares, wves and any ot Robeco Mutua
/s managing th
Portfolio Inves of Security Excs amended fro Govt. Securitind Governmen
inty of futureions in the gen
ated Branches or such other
Commercial P an un-expired, Usance Bills a / SEBI, from ti
i Inter Bank Of
m Net Asset V the NAV per unResident Indian
as specified bption / switch rd “person” sssociation of pen of any countan passport; oof India by vir
or (c) the persa) or (b).
means an ops or in any othey the issuer of Rating Agencie Bank of Indi
ed from time toption of Units o
ment of India, y directions, in
Govt. Securitie
se of Govt. Sec
Computersharee, or any other
13 | P a g e
ct which derive ate plan for ints not routed t the Mutual Fu
in of Units.
/ Switch out of
uments" includwarrants carryther like instrumal Fund
he scheme
stor (Foreign Phange Board o
om time to timees as defined nt Securities cr
e market valneral level of in
or Offices o centres / offic
Papers, Commd maturity up and any otherime to time.
ffered Rate
Value (NAV) anit of Canara Rn or a person o
by AMC from will be acceptehall include aersons whethery other than r (b) he or eithtue of Constit
son is a spouse
inion regardiner standardizef such securities) Regulationsia, establishedo time.
of the Scheme
SEBI, RBI or anstructions or g
es with simult
curities with a
e Private Limit registrar appo
es its value fro
nvestors who p through a distrund on the Unit
f Units.
des convertibleying the rightment.
Portfolio Invest of India( Foreige. in Section 2 reated and issu
ues and of tnterest rates.
of Canara Robces as may be
mercial Bills, Tr to one year, r like instrume
appearing in tRobeco Capital of Indian origin
time to time ed on ongoing body corpora
er incorporated Bangladesh orher of his pareution of Indiae of an Indian
ng securities, d manner, assies, to complys, 1999. d under the R
as permitted u
ny other authouidelines to th
aneous agree
a simultaneous
ted (Karvy), cointed by the A
om the prices,
purchase/subscributor. ts.
e bonds and dt to obtain
or(FPI) as defign Portfolio Inv
of the Public ued by the Stat
the size futur
beco Asset M designated by
easury Bills, G Call or Noticeents as specifie
this Scheme I Protection Ori residing outsi
where applic basis.
ate, group of d or not. r Pakistan, if (ants or any of h or the Citizen citizen or pers
expressed in signed by a Crey with any req
Reserve Bank
under the SID.
rity or agency he Mutual Fund
ment to repur
s agreement t
currently actinMC from time
, or index of p
cribe units in S
ebentures, conequity shares
ned under Regvestors) Regula
Debt Act, 194te Govt. under
re income ca
Management C the AMC from
Government Se Money, Certi
ed by the Rese
nformation Doented Fund- Sede India.
cation for sub
individuals, tru
a) he at any tihis grandparennship Act, 195son referred to
the form of sedit Rating Agequirement of t
of India Act 1
entitled to issud.
rchase them a
to sell them a
ng as registra to time
prices, or
Schemes
nvertible s, equity
gulation ations
44 (18 of the said
used by
Company m time to
ecurities, ficate of rve Bank
ocument eries 8.
scription
usts and
ime held nts was a 5 (57 of o in sub-
standard ency and
the SEBI
1934, as
ue or
at a later
t a later
r to the
Robeco
StatemeInforma
SID
Settler SponsorStateme
Switch O
Stock Ex
SEBI
The ScheTrustees
Trust DeThe Reg
Unit Cap
Unit
Unit hol
InterpretaFor all puotherwise• The term• Pronou• All refeand a ‘laThe exprDocumen
Groep N. V.
ent of Additioation or “SAI”
rs ent of Account
Over
xchange
eme s
eed gulations
pital
lder
ation urposes of this e requires: ms defined in tns having a mrences to ‘USD
akh’ means a ‘essions not d
nt.
Robeco Weena
onal
The docRobeco SAI is leSchemeOrientedCanara The Spo
A non-trparticulaSimultaby him Robeco repurchanotherCanara applicatStock Exunder thSecuritieBoard oCanara TrusteesappointDirectorPrincipaSecuritiefrom timThe aggunits) uOne undOrientedA persoand incpartiallyCanara terms of
Scheme Inform
this Scheme Inasculine or femD’ refer to Unithundred thousefined here s
Groep N.V. ( 850, 3014 DA cument issued Mutual Fund, gally a part of
e Information d Fund- Series Bank onsors of the Mransferable staar date. neous applicat under one of Mutual Fundase/redemptior scheme (or u Robeco Mututions are madexchange meahe Securities Ces & Exchange
of India Act, 199 Robeco Capitas means Canated from time rs of such Trustal Trust Deed (Aes & Exchange
me to time. gregate face vnder Canara Rdivided share od Fund - Seriesn holding unit
cludes a persoy, from anoth Robeco Capitf this Scheme I
mation Docum
nformation docminine gender ted States Dolsand’. hall carry the
14 | P a g e
(Robeco) is es Rotterdam, Th
d by Canara R its constitutio the Scheme In Document, of 8 to applicant
Mutual Fund, naatement indica
tions by a unitf the Schemes with authorion proceeds, nder another pal Fund, whic
e. ns a Stock Exontracts (Regue Board of Ind92, as amendeal Protection Oara Bank in its to time and intee Company. Amended & Ree Board of Ind
value of the uobeco Capital
of a unit holdes 8. ts of Canara R
on who has oer scheme or tal Protection Information Do
ment, except as
cument include shall be deemllars and ‘Rs’ r
same meani
stablished in 1he Netherlandsobeco Mutual
on, and certainnformation Docffering units ots for subscripti
amely Canara ating the numb
t holder for res (or a plan uzation to the
for the purc plan of the Schch is open for
xchange whichulation) Act,195dia establisheded from time toriented Fund- S Capacity as P
nclude a Truste estated) datedia (Mutual Fun
units issued an Protection Orir in the assets
Robeco Capitalpted to switch schemes of t Oriented Funocument.
s otherwise ex
e the plural as med to include t
refer to Indian
ng, assigned
1929 having its is one of the l Fund contain
n tax, legal andcument.
of Canara Robeion.
Bank and Robeber of units he
purchase / redunder the sam Investment Mchase of fresheme of which subscription a
h is for the ti56 (42 of 1956
d under the Seo time. Series 8 Principal Trusteee Company, if
26th Septembnds) Regulatio
nd outstandingented Fund- Se of Canara Rob
l Protection Oh over his invthe Canara Rod- Series 8 in
xpressly provid
well as the sin the other. Rupees. A ‘cr
to them in th
ts Corporate O Sponsors of thning details ofd general info
eco Capital Pr
eco Groep N. Vld by the inves
demption of ume Scheme) ofManager to ah/additional
h he is a unit h at the time w
me being, rec6). ecurities and E
ee and other f incorporated
ber 2007. ons, 1996, as a
g (including freries 8. beco Capital Pr
riented Fund- vestment(s), wobeco Mutual n accordance w
ed or unless th
gular.
ore’ means ‘te
he Scheme In
Office at he Fund. f Canara rmation.
rotection
V. stor on a
nits held f Canara pply the units of older) of
when the
cognized
xchange
Trustees and the
amended
ractional
rotection
Series 8 wholly or Fund to
with the
he context
en million’
nformation
E. DUE DI It is confir
a)
b)
c)
d)
e)
f)
DatePlace
LIGENCE BY TH
rmed that: The draft SchExchange Boafrom time to t All legal requiissued by the G The disclosureinvestors to m The intermediare registered The contents o The Board of T9th September
e: 15th Septeme: Mumbai
HE ASSET MANA
heme Informard of India (Muime.
rements conne Government an
es made in thmake a well info
iaries named i with SEBI and
of the SID inclu
Trustees has apr, 2016
ber, 2016
AGEMENT COM
tion Documenutual Funds) R
ected with thend any other c
he Scheme Informed decision
n the Scheme till date such r
uding figures, d
pproved the SI
15 | P a g e
MPANY
nt forwarded Regulations, 19
launching of tompetent auth
formation Docn regarding inv
e Information D registration is v
data, yields, et
D of Canara Ro
to SEBI is in 996, and the gu
the Scheme ashority in this be
cument are trvestment in the
Document and valid, as on da
c. have been c
obeco Capital P
Signature: Sd/Name: AshutoHead - ComplCanara Robec
accordance wuidelines and d
s also the guidehalf, have be
ue, fair and ae Scheme.
d Statement ofate.
hecked and ar
Protection Orie
/- osh Vaidya iance & Comp
co Asset Manag
with the Secu directives issue
elines, instructen duly compl
adequate to e
f Additional In
re factually cor
ented Fund – S
any Secretary,gement Compa
urities and ed by SEBI,
tions, etc., ied with.
enable the
nformation
rect.
Series 8 on
any Ltd.
A) TYCaSc
B) WTomaHo
C) HOTh
II
E
•
•
•
• • •
•
Sukefacat adfrotheReMano
YPE OF THE SCHanara Robeco heme.
HAT IS THE INVo seek capital aturity of the owever, there c
OW WILL THE Se Asset Allocat
ndian Debt Insnstruments
Equity and equ
Gross notionand portfoliExposure byAugust 18, 2The cumulashall not exshall not exThe schemecorporate dThe schemeThe schemeThe schemescheme. Pending dethe corpus investments9/20306/07/129592/0and any oth
ubject to the Seping in view ctors. These pr all times to se
ddress any devom time to time funds availa
egulations, 199anager would
ot adversely aff
HEME Capital Prote
VESTMENT OBJ protection by scheme and se can be no assu
SCHEME ALLOCtion pattern of
Instrume
struments and
uity related inst
nal exposure bo rebalancing
y the scheme i 2010 as may bative gross expxceed 100% ofceed 20% of the does not intebt securities.
e does not intee does not intee will invest in d
ployment of th of the Schems in these de
03, SEBI/IMD/08 dated 12 Nher applicable g
EBI Regulation market condiroportions caneek to protect viations from t
me, for a short table in repos
96 and the circ endeavor thatfected.
II. INFORM
ection Oriented
JECTIVE OF THEy investing in eeking capital urance that the
CATE ITS ASSETSf the scheme u
nts
Money Marke
truments
by the Scheme shall not exce
n derivative she amended fro
posure throughf the net assethe net assets otend to invest nd to invest in nd to invest in
debt instrumen
he corpus of the in short termeposits shall /CIR No. 1/9ovember 2003
guidelines as a
ns, the asset ations, market vary dependin
the interests othe aforement term, alter thes, bank deposculars issued byt capital rema
16 | P a g e
ATION ABOUT
d Fund- Serie
E SCHEME? high quality f appreciation be investment o
S? nder normal c
Mi
et 70%
0%
in fixed incomeed 30% of thehall be in accoom time to timh equity/equitts of the schem
of the Scheme.t in securitised
Foreign Secur Credit default nts which matu
he Scheme in m deposits in
be in accord91171/07, SEB3, 16 April 20
amended or up
llocation patte opportunities,ng upon the p
of the unit holdioned allocatio
e asset compossits in accorday SEBI from timins protected o
THE SCHEME
es 8 is a Clos
fixed income by investing in bjective of the
ircumstances w
Allocationnimum Ma
% 100
30%
me derivative ine net assets of trdance with Ci
me. ty related instrme and the to d debt instrum
rities/ securitie swaps ure on or befor
terms of inves accordance wdance with SBI/IMD/CIR N07, 26 Octobe
pdated from tim
ern indicated a, applicable reerception of th
ders. The portfons interalia dsition on defenance with the
me to time. Wh on maturity an
e Ended Capi
securities mat equity and eq Scheme will b
would be as un
n aximum
0% Low
% Med
nstruments for the Scheme atircular No. Cir/
ruments, debtotal exposure t
ments and Rep
s lending and
re the date of t
stment objectiwith the guideEBI Circular No. 8/107311/er 2007 and 2me to time.
above may chaegulations andhe Fund Manafolio would be due to market sive considera
e provisions ohile making assnd ensure that
ital Protection
turing on or buity related ins
be realized.
nder:
Risk Profile
w to Medium
dium to High
r the purpose ot the time of in/IMD/DF/ 11/2
t and derivativ to option prem
po/reverse rep
short selling.
the maturity of
ve, the Fund mlines issued byNos. SEBI/IMD07, SEBI/IMD
23 June 2008
ange from timd political and ger; the inten reviewed peri changes. The tion and may a
of SEBI (Mutuset allocationst rating of the
n Oriented
before the struments.
e
of hedging nvestment. 010 dated
ve position mium paid
po in
f the
may invest y SEBI.The D/CIR No. D/CIR No. respective
me to time, economic tion being odically to AMC may also invest ual Funds) s, the Fund Scheme is
Po Threbthe
OT
1.
2.
3.
4.
No1. 2.
3.
4.
5.
ortfolio Rebala
e scheme shalbalancing withe overall invest
THER DISCLOSU
Credit EvaluFrom the cparameters record. A deapproved adirected by with for all i
Sectors in wThe scheme& Jewellericonsider oth Type of instscheme inve
Floors and Ccredit ratinratings men2011, the scheach sub ass
Intended Port
ote: All investmeIn case of nomay invest may continuAt the time higher allocFurther, the(i) coupon adverse creratings (i.e. suitable NCDChange in Athe maximuManager shdeviation is
C
CDs
CPs
NCDs (in(State/Centr
Others (CBLO
ancing:
ll rebalance thhin 10 days. At tment objectiv
URES FOR CLOS
uation Policy credit evaluatio including bus
etailed analysiss per our auth the Board of
investments un
which the Schee shall not inveies sectors. Dher Sectors/co
truments whicest’ given belo
Ceiling within g: (The schem
ntioned againstheme is alloweset class/credit
tfolio Allocatio
ents shall be maon-availability
in Bank CDs hue till suitable N of building th
cation to cash ae above allocat inflow; (ii) thedit event etc. A1+ or equivaDs of desired cAsset Allocatioum limits as sphall rebalance not too close t
Credit Rating/
cluding Govral), T Bills and
O, Rep )
e portfolio wit all times the A
ve of the schem
SE ENDED DEB
on perspectiveiness fundames is carried out
horisation mat Trustees and nder debt sche
me(s) shall noest in instrumeDepending upmpanies for ap
ch the schemeow for further d
a range of 5%me shall investt the type of insed to invest witt rating.
n:
ade based on r of and taking aving highest
NCDs of desiredhe portfolio po and cash equivtion may vary e instrument i In case of sucalent) / CBLOs credit quality arn: Further, in
pecified in the the portfolio
to maturity of
Instruments
vernment Sd Corporate Bo
17 | P a g e
hin 30 days. H AMC shall endme.
BT ORIENTED SC
e, each compentals, financiat before decidinrix. There is a
the Risk Manaemes.
ot invest nts issued by con the changpplying such re
es propose to details.
% of the intendt in various sestrument. As p
thin a range of
rating prevalen into account th ratings (i.e. A1d credit quality
ost NFO and tovalents. during the du
is called or boch deviations, t / T Bills. Deviare not availabl the event of a above table a within 30 da the scheme). A
Securities nds)
95
However, the sceavour to ens
CHEMES:
any is internaal analysis, indng to invest. A set of Prudenagement Com
companies in thges in the investrictions from
o invest in: Ple
ded allocationecurities/instru
per SEBI circularf 5% of the inte
nt at the time ohe risk-reward 1+ or equivaleny is not availablowards the ma
uration of the Sought back by the Scheme mation, if any, de.
any deviations nd subject to t
ays from the d Accordingly, in
AAA
0%
0%
5%-100%
cheme will endure that the po
ally appraised ustry analysis,
All research is ct Investment Nmittee of the
he Real Estate,estment envir
m time to time.
ease refer Sec
n (in %) againsuments as mer Cir/IMD/DF/1
ended allocatio
of investment. analysis of CDnt) or / T-Bills le.
aturity of the s
Scheme. Some the issuer (ii
may invest in Bue to such inst
below the mi the notes mendate of said dnvestors should
A1+ No
%-5%
%-5%
deavour to comortfolio would
by focusing o and managemarried out inte
Norms in place AMC, and are
, Construction ronment, the .
ction ‘D. Wher
st each sub asentioned below12/2011 dated A
on (floor and ca
Ds and NCDs; th / CBLO/. Such
scheme, there
e of these instai) in anticipati
Bank CDs havintances, may co
nimum limits ntioned hereindeviation (provd note that the
t Applicable
mplete the adhere to
on various ment track ernally and e, which is e complied
and Gems AMC may
re will the
sset class / w with the August 01, ap) against
he scheme h deviation
may be a
ances are: ion of any ng highest ontinue till
or beyond , the Fund
vided such ere will not
6.
D) WHER
Suthe
Thmaprlin
E) W
Inv ThInfcoCogu Eqstoforeq Fixthe
be any variathe exceptioThe Schemeexclude instinstruments
Reporting: Trustees, th
RE WILL THE SC
ubject to the Ree following sec Debt Instrum
Bonds, BonGuarantee),undertakingterm governeither listed
Equity and warrants caequity or eindices.
Securities crGovernmenzero coupon
Money MarSecurities hUsance Billstime.
Certificate o Commercia Derivative in
SEBI/RBI Any other in
objective of
e securities maturity. The seivate placeme
ne with SEBI gu
HAT ARE THE I
vestment Focu
e Fund managformation Docnstruction pro
ontrol Structureuiding the secu
quity Investmeock ideas. Bottrms the core
quity funds.
xed Investmene maturity of t
ation betweenons as mentione shall not invtruments suchs to which ratin
After the close publicized pe
CHEME INVEST?
egulations, thecurities: ments - includ
nds issued by , Bonds of gs, Financial Inned by the usad or unlisted. equity relatedarrying the righquity indices s
reated and isst Securities as
n bonds and treket Instrument
having an un-es and any othe
of Deposit (CDsl Paper (CPs); nstruments lik
nstruments / s the scheme su
mentioned abocurities may bnt or rights off
uidelines as app
NVESTMENT ST
us and strategy
ger would endcument (prospocess will adhee is at the corerity selection.
nt Policy: The tom-up stock p of Business M
nt Policy: Most the schemes a
n the intendedned under clauest in unrated
h as Governmeng is not applic
ure of NFO ofercentage alloc
?
e corpus of the
de Govt. of Ind local Govt, GoPublic Sector
nstitutions withge in trade or
d instruments ht to obtain eq
shares and de
ued by the Ces may be permeasury bills) ts - include Comexpired maturer like instrume
s); e Forward Rat
securities, whicubject to comp
ve could be libe acquired thrfers. All investmplicable and th
TRATEGIES?
y:
deavor to conspectus) and byere to stringene of the entire
equity allocatipicking method
Management V
t of the portfond are highly
18 | P a g e
d portfolio allouses (2), (3), (4d debt instrument Securities,cable.
f the scheme, cation and the
e Scheme may
dia securities (zovt. Agencies r Undertakingh or without r between the c
including prefquity shares aerivative instru
entral and Statmitted by RBI (
mmercial Papeity up to one ents as specifie
e Agreements
ch in the opinpliance with ex
sted, unlisted,rough initial pments in securhe investment o
struct the porty the Canara Rnt credit qualit
e portfolio cons
on will be mandology will be Valuation (BM
lio will be inve rated by the c
ocation and th4) above. ents. For this T bills, CBLO,
the AMC wille final portfolio
be invested in
zero coupon o and other stags, Debentureatings, , Usan
companies invo
ference sharesnd derivative
uments like fu
te Governmentincluding but
ers, Commercia year, Call or ed by the Rese
and such othe
ion of the funtant Regulatio
, privately placublic offerings
rities whether p objectives and
tfolio within thRobeco Risk Mty and sector struction proce
naged like a di followed at thV) investment
ested in zero coredit rating ag
e final portfol
purpose, unra, short term d
report in theo.
n all or any one
or coupon beaatutory bodies es issued by ce Bills (Bills o
olved) and oth
s, convertible instruments likutures or optio
ts and/or repo not limited to
al Bills, Treasu Notice Moneyerve Bank of In
er derivative in
d manager woons.
ced, secured, (IPOs), secon
privately place policies of the
he guidelines Management C
limitations. Thess with the Se
iversified portfhe time of portt process follo
oupon bonds wgencies and/or
io allocation a
ated debt secudeposit and su
e next meeting
e of (but not e
ring Bonds), S (with or with
public, privaof Exchange drer Domestic In
bonds, debenke futures or oons on equity
os/reverse rep coupon beari
ry Bills, and Goy, Certificate ondia / SEBI, fro
nstruments pe
ould suit the in
unsecured, ratdary market o
ed or otherwisee Scheme.
set forth in thommittee. Thehe Risk Managecurity & Liqui
olio with high tfolio construct
owed across o
which expire inr other highly r
apart from
rities shall uch similar
g of AMC/
exclusively)
State Govt. hout Govt. ate sector rawn on a
nstruments
ntures and options on or equity
os/in such ng bonds,
overnment of Deposit, om time to
rmitted by
nvestment
ted of any operations, e will be in
he Scheme e portfolio gement & idity Limits
conviction tion which ur current
n line with rated debt
anpaInvhigIn or Deeffbesch ThYe De Th(CbamainslarGoma Thof theinf ThcaGoIn ins In Ins
AplinMotra ThhathealsissEvon
nd money marassive investmevestment in Deghest investme times of unceder to limit do
erivatives Inveficient participa
e bought and mheme.
e Trustees shaearly Trustee Re
ebt and Money
e Indian debt entral & State
anks and corparkets. The masurance comprgest segmentovernment Secarket for PSU b
e Government the Indian dee years, there flation indexed
e corporate bpital market, i
overnment deb a predominasurance compa
money markstruments that
• Over• Colla• Repofuture • Treas• Gove• Com• Certif
part from thesnked debenturoney Market Iaded and offer
e market has eave clearly emee tightest on tso command psued by privateen though com
n the papers fo
rket securities ent strategy, webt Securities ent grade ratinrtainty, the scwnside.
stment Policy:ation in equity
may be held u
all continuouslyeports to SEBI.
y Markets in In
market is tode Government
porates. Goverajor players inanies, primaryt of the Indiacurities market bonds and priv
t Securities (G-bt market in te have been ned bonds, etc.
ond market, i s only an insigbt market is cuantly institutioanies, mutual f
ket, activity let comprise a mnight Call (i.e.
ateralised Borroo/Reverse Rep date at a specsury Bills (issue
ernment securimercial Paper ficate of Depos
e, there are ses with periodnstruments, P a viable invest
evolved in pasterged as popuhe back of com
premium on ae/foreign bankmpanies acrossr similar matu
maturing on where the portf required for cng accorded byheme has the
: The fund mayy market moventil their expir
y monitor the The AMC shal
ndia
day one of thes), public sect
rnment and pn the Indian dey dealers, trusan financial mt or G-Sec ma
vate sector bon
Secs) market ierms of markeew products in
n the sense ofgnificant part orrently on privanal market, t
funds, primary
vels of the Gmajor portion o
market for ovowing & Lendio Agreement (ified price) ed by RBI) ties with a resi CPs, short termsit (CDs, issued
some other opdic exit option
PSU / DFI / Cotment option.
t 2-3 years in tlar asset class
mfort from maaccount of limiks/NBFCs/comps these sectors rities reflects t
19 | P a g e
or before theolio will be intapital protecti
y an approved c flexibility to g
y take exposurements. At the ry date. The ex
portfolio strucl also report th
largest in Asior undertaking
public sector eebt markets tots, pension fu
markets. The drket and corpo
nds.
s the oldest anet capitalizationtroduced by t
f private corpo of the Indian Date placementhe key mone
y dealers and c
Government anf money markeernight and teng Obligations
(temporary sa
idual maturity m unsecured pd by banks)
ptions availablns and other orporate pape
terms of risk pr with increasedjority governmited supply. Hopanies in high might have behe perception
e maturity of tended to largeon will only be
credit rating aggo up to 100%
re to equity ma start date of txpiry date wou
cture of the Sche same in the
a and includesgs, other gove
enterprises areoday are banksnds and corpo
debt market corate debt ma
nd the largest cn, outstandinghe RBI like zer
orate sector raDebt Market. A basis. y market playorporates.
nd nongovernet activity inclurm money bets (CBLO) le with an agre
of < 1 year. promissory note
e for short te such instrumeer with a resid
remia attachedd acceptability
ment holding. However, there -growth sectoreen rated on a of their respec
the scheme. Iely buy and hole made in sucgency. in fixed incom
arket via future the scheme theuld fall within t
heme and repir bimonthly re
s securities issernment bodiee the predoms, financial insorates. The Indomprises broa
arket. The latte
component (7g securities anro coupon bon
aising debt thrA large part of
yers are bank
nment debt vaude but not limween banks an
eement to buy
es, generally is
nure investmeents. Though ual maturity o
d to different c in secondary mHighly rated m has been incrr due to highe
a same scale, thctive credit pro
t will primarilyld till maturity.
ch securities ca
me (debt instru
es or options ae futures or op
the maturity d
ort the same ieports to SEBI.
sued by the Goes, financial in
minant borrowestitutions, mutdian debt maadly two segmer is further cla
0% share in md trading volu
nds, floating ra
rough public is the issuance i
ks, financial in
ary from timemited to: nd institutions)
y back the secu
ssued by corpo
ents that inclu not strictly claof < 1 year, a
class of issuers market. PSU ba
anufacturing creased activityr yields offeredhe difference ifiles.
y follow a . arrying the
uments) in
as it allows ptions may date of the
in the Half
overnment nstitutions, ers in the tual funds, rket is the
ments, viz. assified as
market cap) mes. Over
ate bonds,
ssuance in n the non-
nstitutions,
e to time.
)
urities at a
orates)
de MIBOR assified as re actively
. Bank CDs anks trade
companies y in papers d by them.
n the yield
Th
I
Thchdeovpro HeThshAswifro
Th i. P
ii.
iii.
iv.
e following tab
Instrument
CBLO
Repo
3m Tbill
1y Tbill
10y G Sec
3m PSU Ban
3m NBFC CP
3m Non NBF
1y PSU Bank
1y NBFC CP
1y Non NBFC
5y AAA Instit10y AAA Inst
ese yields areanging conseq
ebt instrumentverall liquidity ofile, credit ris
edging and Dee scheme inteall be within th a part of the fth the investm
om time to tim
e following are
Position limit fa. The Mutua
250 crore Exchange.
b. This limit w Position limit a. The Mutua
250 crore Exchange.
b. This limit w . Additional po
In addition toderivatives su
a. Short positvalue) the
b. Long positvalue) the
. Position limit
The Mutual Fcontracts and
a. For stocksposition l
b. For stockposition l
ble gives appro
k CD
FC CP
CD
C CP
tutional Bond (itutional Bond
e indicative anquent to changts fluctuate fro position, foreik etc.
rivatives nds to use derhe permissible fund managemment objectivesme.
e the position
for Mutual Funal Fund positio or 15% of the t
would be applic
for Mutual Funal Fund positio or 15% of the
would be applic
osition limit foro the position lubject to the fotions in index d Mutual Fund’stions in index Mutual Fund’s
t for Mutual Fu Fund position d stock futures s in which the m
imit in such stos in which the
imit in such sto
oximate yields
(PSU Bond) (PSU Bond)
d do not indicges in macro eom time to timign exchange
rivatives as ma limit prescribe
ment process, ts of the Schem
limits for Mutu
nds in index opn limit in all in
total open inte
cable on open
nds in index fun limit in all in total open int
cable on open
r hedging limits at point ollowing limits derivatives (shs holding of sto derivatives (los holding of ca
unds for stock b limit in a deri contracts, stan
market wide pock shall be 20e market wideock shall be Rs
20 | P a g e
prevailing as o
1.00
2.00
5.75
6.11%
6.69
6.10
6.55
6.20
6.60
7.25
6.80
7.437.55
cate yields thaeconomic condme depending scenario etc. A
y be permitteded by SEBI (Mu the AMC may ume and in acco
ual Funds and
ptions contractndex options coerest of the ma
positions in al
utures contractndex futures coerest of the m
positions in al
(i) and (ii) abo: ort futures, sh
ocks. ng futures, lonsh, governmen
based derivativivative contracnd in the followosition limit is
0% of the mark position limit.50 crore.
on 31st March 2
Current Yie
0%-6.09%
0%-6.60%
5%
%
9%
0%
5%
0%
0%
5%
0%
3%-7.49% 5%-7.62%
at may be obtditions and RB upon the mac
Also, the price
d under the Reutual Fund) Reg use appropriatordance with S
its schemes:
ts ontracts on a parket in index o
l options contr
ts: ontracts on a parket in index
l futures contr
ove, Mutual Fu
ort calls and lo
ng calls and shnt securities, T-
ve contracts ct on a particuwing manner: less than or eq
ket wide positiot is greater tha
2017 some of t
eld Range
ained in futurI policy. The prcro economic
e and yield var
gulations fromgulations frome derivative in
SEBI Regulatio
particular unde options, which
racts on a part
particular unde futures, which
acts on a parti
nds may take
ong puts) shal
hort puts) shall-Bills and simil
ular underlying qual to Rs. 250on limit. an Rs.250 cro
the instrument
re as interest rrice and yield o situation, inflary according to
m time to time. time to time. struments in ans as may be
erlying index shever is higher,
icular underlyi
erlying index shever is higher
cular underlyin
exposure in eq
l not exceed (i
l not exceed (iar instruments
g stock, i.e. sto
0 crore, the Mu
ore, the Mutua
ts:-
rates keep on various ation rate, o maturity
The same
accordance applicable
hall be Rs. , per Stock
ng index.
hall be Rs. r per Stock
ng index.
quity index
n notional
n notional s.
ock option
utual Fund
al Fund
v.
Mo
Thin EqIndbufutoptimcaof poStowh BaIndMuan IlluSp1 mFuEaLetPrSimabLo Ple Thprin eqtim
Position limit The position lprescribed forshall be: a. For stock
particularfloat marcontracts
b. This positstock at a
c. For indexschemes the open
onitoring of Poa. The Mutu
derivativeb. The Stockc. The Stoc
prescribe2002 as m
he Fund shall c derivative trad
quity / Equity Rdex futures /
uying/selling a tures / option
ptions may avomes, keeping in also be help one trade com
ortfolio of shareock futures / ohere either the
asic Structure odex Futures arumbai and the
n index future i
ustration : pot Index : 1070month Nifty Futnd buys 100 loch lot has a not us say that onofits of the Funmilarly, the funbove example, ss for the Fund
ease note that
e net impact fice (ignoring m stocks compr
quity investmeme during the
for each schemimits for each
r sub account o
option and stor underlying strket capitalisat on a particulation limits shala Stock Exchangx based contra put together in interest of all
osition Limits ual Fund shall e contracts, to k Exchange wok Exchange sd for FIIs/FPIs a
modified from
comply with thding.
Related Derivat/ options are portfolio of ph
ns can be an eoid the need fon mind the cir
pful in reducingmpared to sevees representing
options could ae liquidity is low
of an Index Futre instrumentse National Stoc s the function
0 ture Price on d
ots ominal value en the date of snd = (1085-107nd can suffer a on the date ofd = (1060-1075
the above exa
for the Fund wmargins for theising the indexnts. Additiona
life of the cont
me of a Mutua scheme of m
of a FII/FPI. Th
ock futures conock of a schemion (in terms or underlying stl be applicablege. acts, Mutual Fn a particular u derivative cont
notify Clearin the Stock Exchuld then assignhall monitor
and their sub-a time to time.
he guidelines is
tive Instrumen meant to behysical shares
efficient way oor tracking in ircuit filter systeg the transactieral trades of sg an index. lso be used as
w or the impac
ture s designed to ck Exchange of of the underly
day 1 : 1075
quivalent to 20ettlement, the
75)* 100 lots * a loss if the futf settlement th5)* 100 lots * 2
ample is given
will be in termse sake of simplx. The risks asl risks could b
tract.
21 | P a g e
al Fund mutual fund an
herefore, the s
ntracts, the grome of a mutua of number of stock (in terms oe on the combi
Funds discloseunderlying indtracts on that u
ng Member/s hange. n a unique clie
the scheme-waccounts in SEB
ssued by SEBI
nts: e an efficient representing a of achieving t ndividual comem and the liqon costs and t
shares of an in
an alternativect cost is high.
give exposuref India Limited
ying index and
00 units of thee future price = 200 = Rs.200ture price is lo
he future price 200 = (Rs.300
for illustration
s of the differeicity) plus intessociated withe on account
d disclosure re scheme-wise p
oss open posital fund shall no shares) or 5% of number of cned position in
e the total opeex, if such ope
underlying ind
for each sche
ent code to eacwise position lBI circular no. S
and amendm
way of buyian index for eahe Scheme’s
mponents of thquidity in somethe processing ndex and will b
e to investing in
e to the equity have started t short-term int
e underlying in= Closing spot p0,000. wer than the c = Closing Spot,000)
n purposes only
ence between trest costs on fu index futures
of illiquidity a
equirements sposition limit/
ion across all dot exceed the h% of the open contracts). n all derivative
en interest heen interest equex.
me, through w
ch scheme of thlimits in the SMD/DC/Cir/-1
ents thereof is
ng / selling ase of executio investment obe index, whiche of the scrips. costs on acco
be easy to sett
n particular sto
y market indice trading in indeerest rates.
dex. price = 1085
contracted prict Price = 1060.
y.
the closing priunds that wous are similar tand/or mispric
shall be identic disclosure req
derivative cont higher of: 1% o interest in the
e contracts on u
eld by its scheuals to or excee
whom it woul
he Mutual Fun manner simila11/02 dated Fe
ssued from tim
an index comon and settlembjective. Indexh may not be p. Index futuresunt of ease of tle compared t
ocks comprisin
es. The Stock ex futures. The
ce. Let us say t
ce of the indeld otherwise bo those associng of the futu
cal to that quirements
tracts on a of the free derivative
underlying
eme or all eds 15% of
d clear its
d. ar to that ebruary 12,
me to time
mpared to ment. Index x futures / possible at s / options execution
to physical
g an index
Exchange, e pricing of
that in the
x and cost be invested iated with ure at any
Str UsThIf sind ExThindva
RISThis indmo Ththea fthe Wthaco SimWthewhsto Fufutfutdostafut Str UsSimeqov
rategy Numbe
sing Index Futue strategy will
so desired, thedex futures ma
xample : e scheme has dex futures colue of the inde
Port
Rs.50 Crore Equity expos
Rs. 50 CrorRs. 5 Crore index futureRs.50 crexposure
Rs.50 crexposure +long posfutures
SKS e strategy of t
positively corredex behave inovement in the
e long positione future value
futures contrace gain/loss du
hile futures mat ready liquidntract.
milarly, the funhen stock futue cash markethen stocks staock in futures a
nd can take atures are tradtures market.
own. On expiryarts trading at tures and buyi
rategy Numbe
sing Index Futumilarly, in the quities may ‘sever a period of
er No. 1
ure to increase be used for th
e AMC would bay be reversed
a corpus of Rsntracts of a va
ex futures cont
tfolio
sure
e exposure + long positions ore Equity
ore Equity+ Rs 5 crore
ition index
taking a long pelated with the the same mae index.
n will have as rises by 10% . ct is closed oute to the movem
arkets are typdity would exis
nd can use stocres are tradingt. On expiry ofrt trading at a
and buying in t
dvantage of aing at a disco
The cash realiy of contract b a premium inng in the cash
er 2
ures to decreas case where a ll the index fof time simulta
e percentage inhe purpose of gbe able to take in a phased m
. 55 crores outlue of Rs. 5 croracts can be su
Even
10% rise in e
10% rise inPrice
10% fall inprice
10% fall inprice
position in indee market. Howanner and thu
much loss as a However, this t before its expment of the un
ically more liqt at all points
ck futures to reg at a discountf the contract,a premium in t the cash marke
arbitrage oppoount then the
sed will earn oth prices (spo
n the futures m markets.
se percentage negative viewrward’ by takinneously selling
22 | P a g e
nvestment in e generating rete immediate ex
manner, as the
t of which Rs. 5ore. Later as thuitably reduced
nt Eq
equity
n Equity
n Equity
n equity
ex futures incrwever, there is
s this strategy
a gain in the un is true only forpiry, the quotenderlying index
quid than the in time, for th
educe the cost then the fund both prices (s
the futures maet.
rtunities in the fund can sell interest while ot and futures
market, the tra
investment inw is taken on thng a short posg the equity sh
equities. urns on idle caxposure to equ funds are depl
5 crore is pendhe money is ded.
quity Portfolio Gain/(Loss) Rs. in Crs.
5
5
(5)
(5)
eases the expo no assurance ty may not be
nderlying indexr futures contra
ed price of the fx. This is called
underlying case Scheme to p
of holding in td can buy stockspot and futurarket the trans
e futures mark its existing ho the overall co) have to align
ansaction can
n equities he market, theition in Index Fhares from the
ash, pending ituities via indexloyed in the eq
ding for deployeployed in the
DerivatiGain/ (Lo
Rs. in Cr
N
0.
Ni
(0
osure to the m that the stocks provide gains
x, e.g. if the inacts held till m futures contrad the basis risk.
sh market, thepurchase or clo
he following mk in futures mare) have to alisaction can be
kets to reduce olding in cash
ost of the holdn. On expiry o be reversed by
e Fund, in orde Futures. This pe investment p
ts investment ix futures. The pquity markets.
ment. The AM underlying eq
ve oss) rs.
TotalGain
Rs
IL
.5
il
0.5)
market. The lons in the portfol perfectly align
ndex appreciateaturity. In the ct may be diffe
ere can be no ose out a spec
manner: rket instead ofgn. On expiry
e reversed by s
cost of holdin market and bing stock will r as and wheny selling the st
er to reduce exposition can beportfolio of the
n equities. position in
C may buy quities, the
l Portfolio n / (Loss) s. in Crs
5
5.5
(5)
(5.5)
ng position io and the
ned to the
es by 10%, event that erent from
assurance ific futures
f buying in or as and
selling the
ng. If stock buy in the also come n the stock tock in the
xposure in e unwound e Scheme.
Thvoaff Exredcro
Wcr
Weq
WcrWeq
50Thmothe RIS • Tshpo • T10thafro • Win Str Po Tha be Simschlea Exschstr
e strategy of tolatility of the fected due to it
xample: Assumduce the equitore.
Portfoli
Without Hedgeore equity Exp
With Hedge Rs.1quity Exposure
Without Hedgeore equity Exp
With Hedge Rs.1quity Exposure
0% Hedge – coe above examoves in the dire hedged posit
SKS
The strategy ofort position is
ortfolio and ind The short posi%, the future vat a futures co
om the gain/lo While futures m time, for the S
rategy Numbe
ortfolio Protect
e purchase of predeterminedenefits from the
milarly, as a stheme the optiad to a capping
xample: Let usheme is fully irike price of 95
aking a short p portfolio. How ts short positio
me that a schety exposure to
o
e Rs.100 osure
10eq
100 crore
10eq
e Rs.100 osure
10eq
100 crore
10eq
ontract value omple demonstr
ection as expetion if the inde
f taking a shor negatively co
dex behave in t
tion will have value falls by 1ontract is closeoss due to the m
markets are mScheme to purc
er 3
tion Using Inde
an index put od level of the e rise in the va
tock hedging ion to sell the g of the loss in
s assume a sch nvested (Rs. 95 for an assume
position in the wever, if the vaon in index futu
eme has an eo Rs. 50 crore
Event
0 % fall iquity price
0 % fall iquity prices
0 % rise iquity prices 0 % rise iquity prices
of Rs. 50 crore rates that the ected by the Fuex does not mo
rt position in inrrelated with t
the same man as much loss 0% . Howeverd out before it
movement of t
ore liquid, thechase or close
ex Put
option gives th index, calledlue of the put
strategy, the p stock to the w value of a sto
heme with a c99 crores in eqed cost of Rs. 1
23 | P a g e
index future isalue of the indures.
quity exposure for a short tim
Equity PorGain/(Lo
(Rs. In cr
n (10)
n (10)
n 10
n 10
Fund would bund Manager. Sove in the direc
ndex futures is the market. Honer and thus t
as a gain in th, this is true onts expiry, the q
the underlying
re can be no a out a specific f
he scheme the the strike pri option.
purchase of a writer of the o
ck.
corpus of Rs. 1quities). The s
1 crore. The fol
s a hedging strdex future rise
e of Rs. 100 cme, he should
rtfolio oss) rore)
DeGa
(Rs.
NIL
5
NIL
(5)
benefit from th Similarly, the Fction expected
a hedging straowever, there his strategy ma
he underlying nly for futures
quoted price of index. This is c
assurance that future contract
option of sellinice. If the ind
put option onoption at the p
100 crore. Let cheme purchalowing table il
rategy and redes, then, the f
crore. If the Fu sell index fut
rivatives in/(Loss) . In crore)
1
5
he hedged pos Fund would be by the Fund M
ategy and redu is no assuranay not be a pe
index. e.g. if t contract held tf the futures c
called the basi
ready liquidityt.
ng the index toex falls below
n the underlyinpredetermined
us also assumases a put optlustrates the p
uces the markfund would be
und Manager tures contracts
Total portfoliGain/(Loss)
(Rs. In crore
(10)
(5)
10
5
sition if the inde adversely affeManager.
uces the markece that the storfect hedge.
the index appr till maturity. Inontract may bs risk.
y would exist at
o the writer of w this level, th
ng stock would strike price. T
me an index ofion on the indortfolio return
et risk and e adversely
wishes to s of Rs. 50
io )
dex future ected from
et risk. The ocks in the
reciates by n the event e different
t all points
the put at he scheme
d give the This would
f 100. The dex with a s:
A s RIS•
•
•
•
Sim •
•
Str Thtescopm Exschopthe
% change in
Index
10 5 (5) 0 (10) (15)
similar put opt
SKS The table as
be the caselower in a p
The put optat expiratiomarket price
While liquidall points in
In the case option. On put option,
milarly, the Fu
When stockthe cash maand when sselling the s
Fund can tastock futurefutures mardown. On estock starts stock in the
rategy Numbe
he scheme coueam will evaluacheme could inptions held oranaged active
xample: Let usheme is invest
ption on the ine portfolio retu
Index Value
110 105 100 95 90 85
tion can be pur
ssumes perfece. Therefore, thortfolio with a
tion would leadon date, if pose received on t
dity exists in op time, for the s of purchase o other days, th which can pot
nd can use sto
k futures are traarket. On expistocks starts tr
stock in futuresake advantagees are trading arket. The cash expiry of contr trading at a p futures and bu
er 4
uld gain exposuate the prevailn such a case imr buy a series ly.
s assume a schted about Rs. 9dex with a striurns:
Equity Portfolio Val
Rs. In croreA
108.90 103.95 99 94.05 89.10 84.15
rchased on any
ct correlation bhe minimum p put option on d to a gain basitive. Howeve the sale of the ptions markets scheme to purcof a stock put, here may be (tentially take th
ock futures to r
ading at a discry of the cont
rading at a pres and buying ine of arbitrage at a discount th realised will eact both price
premium in thuying in the ca
ure to the equling premium mplement a b of shorter te
heme with a c 99 crore in debike price of 100
24 | P a g e
ue e
Option Rs. In
B
00051015
y individual sto
between the eq portfolio valuen the index, as
sed on the dif
er, in case the option may bes, there can bechase or close the strategy iemporary) im
he stock value
reduce the cos
count then theract, both pricemium in the n the cash mar opportunities hen the fund c
earn interest ws (spot and fu
he futures mash markets.
ity markets th levels on the cuy and hold (prm equity ind
corpus of Rs. 1bt (which matu0 for an assum
Value crore
B
CoPuRs.
0 0 0 5 0 5
ock and the dow
quity portfolio e cannot be as compared to a
fference betwe option is revee different frome no assurance out a specific os a perfect heperfect correla below the min
st of holding in
e fund can buy ces (spot and f futures markeket. in the futurescan sell its existwhile the overautures) have torket, the trans
rough exchang call options wipassive investmdex call option
100 crore. Let ures to Rs. 100
med cost of Rs.
ost of the ut Option . In crore
C
(1) 1(1) 1(1) 9(1) 9(1) 9(1) 9
wnside can be
and the indexssured, but th
a normal portfo
een the strike persed before t
m the price calc that the read
options contradge on the ex
ation between nimum under t
n the following
in futures mafutures) have tet, the transac
markets to reting holding in
all cost of holdo align. On expsaction can be
ge traded call th tenure suita
ment) strategy ns, thus the o
us also assum0 crores). The 1 crore. The fo
Portfolio Value
Rs. In Crore (A+B+C)
08.9 03.95
99 99.05 99.10 99.15
capped.
x. However thie loss is expecolio.
price and the ithe expiration culated. y liquidity woucts.
xpiration date the share pric
he hedge.
g manner:
rket instead of to align. On exction can be re
educe cost of n cash market aing stock will piry or as and
e reversed by s
options. The inable to the sch for the equity
options strateg
me an index of scheme purchollowing table
% returns from
portfolio
8.9 3.95
1 (0.95) (0.90) (0.85)
is may not cted to be
ndex level date, the
uld exist at
of the put ce and the
f buying in xpiry or as eversed by
holding. If and buy in also come when the
selling the
nvestment heme. The y index call gy may be
f 100. The ases a call illustrates
A s Thin
RIS•
•
•
•
AdIn
DeThRade
% change in
Index
10 5 0 (5) (10)
similar call opt
he rate of parvestment in op
Strike price
Premium
Premium as Amount Avai(assumed)
Therefore, Rainvested in o
SKS If the call o
the option s Further, if th
for options.the Scheme
There is alsothe returns underlying e
Further in cdifferent timstrategy cougenerated f
dvantages of E times of volat
volatility. SoStock IndexFutures canindex. ApprThe Schemestocks it holBy buying cindividual stBy buying pbetween po
ebt / Debt Relae Scheme ma
ate Swaps (IRSeveloping the n
n Index
Value
108.90 103.95 99 94.05 89.10
tion can be pur
rticipation wouptions.
%age of strike lable for inves
ate of Participaptions / premi
ptions expire i strategy could he options exp In such case e
e may not provo a possibility of the call optequity market case of series mes and at could be differen
from a buy and
quity Derivativtility in the eqome of the advx Futures can give exposureeciation in Inde can sell futurd. all options on tocks. ut options on
ortfolio and ind
ated Derivativeay use derivatiS) and Forwardnation’s Debt M
D
Portfoliomat
Rs. In
100 100 100 100 100
rchased on any
uld depend on
price tment in optio
ation is amounum
in the money, be less than thpire out of mon even if the equ
ide positive ret of the call opttion portion of on maturity. of shorter termosts prevailing t from returns
d hold call optio
ves: quity markets, vantages of spe give exposuree to the indexex stocks can bres to hedge a
the index, one
the index, thedex which may
es ves in accordad Rate Agreem
Market.
25 | P a g e
ebt
o Value (at turity) n crore A
y individual sto
n prevailing p
Scenar8100
1925
23.77ons
17%
nt 72%
but not enoughe returns of thney, the schemuity market haturns in line wtions expiring f the scheme o
m call options at the time o of the underlyons strategy u
derivatives proecific derivativee to the indexx without direc be effectively cagainst market
e can participa
Scheme can i not be the cas
ance with SEBIments (FRA) o
Option ValueRs. In crore
B
10 5 0 0 0
ock and the dow
rices of call o
rio 1 Scena0 8200
5 1850
7% 22.56
% 17%
% 75%
gh to compenhe underlying eme will face a ls a positive retith the market prior to the mon maturity ma
s, since short dof such purchaying equity map to the matur
ovide much nees products arex. Appreciationctly buying thecaptured throut movements w
ate in the rise
nsulate the pose) from the do
I Regulations. n July 7, 1999
e
PortfolioRs. In C
(A+B
118.90 108.95 99 94.05 89.10
wnside can be
options and th
rio 2 Sce
% 2
sate the prem equity market o oss to the exteturn during th.
maturity of the ay not coincide
dated options ase, the returarket on maturrity of the sche
eeded flexibilite given below:n in Index Inv individual stogh investment
without actual
in the market,
ortfolio (assumownside risk at
RBI has issue9. These produ
o Value Crore B)
%
po
18.98.95-1 -5.9-10.
floored.
he Amount Ava
enario 3 8300
1700
0.48%
17%
83%
ium paid, the on maturity. ent of the preme tenure of the
scheme. In sue with the retu
would be purns generated rity and from tme
ty to hedge ag: vestment in Stocks, which mat in Stock Indexlly selling the u
without actua
ming a perfect ct a small cost.
d guidelines oucts were intro
returns from
ortfolio
90 5
95 90
ailable for
returns of
mium paid e Scheme,
uch a case, urns of the
rchased at by such a he returns
gainst this
tock Index ake up the x Futures. underlying
ally buying
co-relation
on Interest oduced for
IntAllfordesecuthe FoA fixamfeaheThnoBaAnnoexIn recreg IlluFixVaNoPeIntSucoFixRsVaRsIn (RLikanpaThinvsu VaThWpr ExLoun RisThactraproasthatra
terest Rates Swl swaps are finr another set
efined as a conries of cash florrency and on e same date.
orward Rate Ag FRA is an agrexed rate (the Fmount, for an ature of FRAs
ence is single see Scheme will
ot mean maximasic Structure on interest rate otional amounxchanged. a typical interceive a variabgular intervals
ustration: xed interest ratariable Interestotional Principaeriod of Agreemterest Frequen
uppose six mompounded ov
xed Rate Paym.10,00,00,000
ariable Rate: .10,00,00,000 the above exas.49,86,301.3
kewise the secnd the interest arties at the exe above examvestment portfbstantially red
aluation of Dere traded derivhen a security ice / any other
xposure to Dersses may arise
nderlying cash
sk associated we risk associatcount of illiqu
ades in the deroducts are spesociated with at of the deransactions ent
waps (IRS) nancial contrac of payments tract between
ows (fixed inte the same prin
greements (FReement betwe
FRA rate) and agreed period is that the onettlement cont use derivative
misation of retu of an Interest R swap is an agnt. Only the in
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te: 10% p.a. t Rate: Over-Nial: Rs.10 crore ment: 1 year cy: Semi-annunth period froer-night MIBO
ment: 0.00 x 182 x 10
0.00 x 182 x 8ample, the fix6 - 39,89,041.ond and final stream of fixepiry of the con
mple illustratefolio. Swaps huced as the am
rivative Producatives shall be is not traded r derived price
ivatives e as a result o instruments he
with Derivativeed with index idity and hencrivatives markeecialised instru stocks. The usrivative itself. tered into, the
cts, which invo receivable by two parties (C
erest) for anotcipal for an ag
RA) een two count the interest r
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Rate Swap reement betwnterest on the
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ght MIBOR (va
ual om the value dR is say 8% p.a
0 / 365 x 100
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09). payment will ed rate for thetract.
es the benefitsave its own dr
mount involved
cts valued at the on the respect provided by th
f using derivateld by the Sche
es trading: futures is similce mispricing oets, there are rments that reqe of a derivativ Derivatives re ability to ass
26 | P a g e
lve exchange another party
Counter Partiesher series of c
greed period of
er parties to p rate prevailing a FRA, interes the differencee case of IRS, n
for the purposeduction of sys
ween two partie notional am
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ariable)
date of swap ta. on that date
= Rs.49,86,30
= Rs.39,89,041 will pay the v
depend upon e said period, t
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lar to the one of the futures risk factors andquire investmeve requires unequire the m
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yment date is streams are as
ayer a net am
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tives for hedgtlement risk. H principal.
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s 182 days and follows:
mount of Rs.9,
the remaining be settled be
ging and optim However, thes
ock exchanges.ion, then the s
ated by the ga
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ould be on he Scheme Derivative
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quity and Equityvestments madovisions of Scorporate adeocess involves ocess. The AMturns. The AMCm of controllicurities propos
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ngoing basis ke
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ortfolio Turnove Scheme become portion.
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or the Schememargins for thsing price (whi
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of risk is mitigaed by the invesnvironment, p
health of the is CRISIL, ICRA,
y Related Instrde by the scheEBI Regulatioquate safegua reducing risks
MC believes thC aims to identng risks, the sed to be inves
asures are exp would be comp
wed for investm
ger of the Scheop a well dive with risks that eeping in view
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ager is responm would hold o hesis.
sibility of the nvestment obj record of all in
ver: ing a close en While the poe circumstanc
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plined risk man safeguards fort norms and inhe schemes an
ated by defininstment team bpast track recossuer will be c CARE etc. as w
ruments emes would bens. Since inveards for contro through portf
hat this diverstify securities,
investment tested in.
pected to mitigpletely elimina
ment decisions
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sible for facili ongoing meet
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nded scheme ortfolio is intees prevalent d
27 | P a g e
s the possibilityferred to as thd with tradingbility of deriva
ms of the differplicity). Thus,
her or lower th
nagement, in r controlling risvestments ma
nd provisions o
ng issuer limitsefore making rd as well as f
carried out. Thwell as the inter
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sification woul which offer suam of the AM
gate the aboveted.
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sible for makinlio taking into
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estment strateg
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will primarily nded to be la
during the ten
y that a loss mhe “counter pag in derivativeatives to corre
rence between profit or loss an the purchas
order to protesks in the portde through the
of SEBI Regulat
s. Rigorous in- investments. A future prospeche AMC will brnal norms for
e with the inveed disciplined the portfolio tion, taking cad help achievperior levels o
MC will carry o
e risks to a lar
ng buy / sell deo account thevestments. Theother regulator
rrently compri that meets agies for the Sc
ment debate aas additional a
t the investmen the interest odance with the
follow a passargely bought ure of the por
may be sustainarty”) to compes include thelate perfectly
n the closing pr for the Schemse price) and t
ect the interestfolio. As a prue scheme woutions. Where r
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estment object risk manage construction pare however nove the desiredf yield at lowe
out rigorous i
rge extent, the
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ry aspects.
sing of the CEat periodic intcheme, review
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sive investmen and hold, thertfolio. Howeve
ned by the porply with the tere risks of mis with underlyi
rice of the indeme will be the
he purchase p
ts of investorsudent measure
ld be in accordequired, schem
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tives of the schment, the AM
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ere can be no
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e as per the Rders of the Schued by SEBI.
nt strategy fore portfolio turer, the equity
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ex and cost difference rice.
s, the AMC e, the AMC dance with me specific
the issuers a study on ell as long
accredited
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FUNDAMENTA
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Type of a sch Canara Robe
Scheme.
Investment O Investme
maturingequity anbe realise
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e Asset Allocat
ndian Debt Ins
Equity and equ
Gross notionand portfoliExposure byAugust 18, 2The cumulashall not exshall not exThe schemecorporate dThe schemeThe schemeThe schemescheme. Pending dethe corpus investments9/20306/07/129592/0and any oth
Subject to the keeping in viefactors. . Thesbeing at all tperiodically toThe AMC mayand may also (Mutual Funds
y be actively mower than an oortfolio turnoveted with it. Howportfolio of the
AL ATTRIBUTES
al attributes of
heme eco Capital Pro
Objective nt objective: T on or befored equity relate
ed and the Fun pattern:
tion pattern of
Instru
struments and
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nal exposure bo rebalancing
y the scheme i 2010 as may bative gross expxceed 100% ofceed 20% of the does not intebt securities.
e does not intee does not intee will invest in d
ployment of th of the Schemes in these de
03, SEBI/IMD/08 dated 12 Nher applicable g
SEBI Regulatiow market condse proportionsimes to seek
o address any dy from time to invest the funs) Regulations
managed. There open ended scer will be mainwever, it is diff Scheme.
f the scheme, i
otection Orient
To seek capitae the maturity ed instrumentsd does not ass
f the Scheme u
ments
Money Marke
truments
by the Scheme shall not exce
n derivative she amended fro
posure throughf the net assethe net assets otend to invest nd to invest in nd to invest in
debt instrumen
he corpus of the in short termeposits shall /CIR No. 1/9ovember 2003
guidelines as a
ons, the asset ditions, marke
s can vary dep to protect the deviations from
time, for a shnds available is, 1996 and th
28 | P a g e
efore, it is antcheme. Howevnly for maximificult to estima
n terms of Reg
ted Fund – Se
al protection b of the schem
s. However, thesure or guarant
under normal c
et Instruments
in fixed incomeed 30% of thehall be in accoom time to timh equity/equitts of the schem
of the Scheme.t in securitised
Foreign Secur Credit default nts which matu
he Scheme in m deposits in be in accord91171/07, SEB3, 16 April 20
amended or up
allocation pattet opportunitieending upon t
e interests of m the aforemehort term, alte
in repos, bankhe circulars issu
icipated that tver, the Schemsing the gains
ate with reason
gulation 18 (15A
eries 8 is a Clo
by investing inme and seekinere is no assuratee any return
circumstances w
AlloMinimum
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0%
me derivative ine net assets of trdance with Ci
me. ty related instrme and the to d debt instrum
rities/ securitie swaps ure on or befor
terms of inves accordance wdance with SBI/IMD/CIR N07, 26 Octobe
pdated from tim
tern indicated s, applicable r
the perception the unit holdentioned alloca
er the asset cok deposits in aued by SEBI fr
he overall portme does not ha
and minimisinnable measure
A) of the SEBI
ose Ended Cap
n high quality g capital apprance that the os.
would be as un
ocation Maximum
100%
30%
nstruments for the Scheme atircular No. Cir/
ruments, debtotal exposure t
ments and Rep
s lending and
re the date of t
stment objectiith the guideliEBI Circular No. 8/107311/er 2007 and 2me to time.
above may chregulations andn of the Fund ers. The portftions interalia
omposition on ccordance witom time to tim
tfolio turnoverave a target fong risks keepine and accuracy
(MF) Regulatio
pital Protection
fixed incomereciation by in objective of the
nder:
Risk
Low to Med
Medium to
r the purpose ot the time of in/IMD/DF/ 11/2
t and derivativ to option prem
po/reverse rep
short selling.
the maturity of
ve, the Fund mines issued byNos. SEBI/IMD07, SEBI/IMD
23 June 2008
ange from timd political and Manager; theolio would be due to marke defensive conth the provisiome. While ma
r would be or portfolio ng in mind y, the likely
ons:
n Oriented
securities nvesting in e Fund will
Profile
dium
High
of hedging nvestment. 010 dated
ve position mium paid
po in
f the
may invest y SEBI. The D/CIR No. D/CIR No. respective
me to time, economic
e intention e reviewed t changes.
nsideration ons of SEBI
king asset
(iii)
(iv)
A.
B.
allocations, thrating of the S
Terms of Iss
Listing/Redem Listing: The scthe units offedecided by AMexchanges, inthe trading hocan be boughrequired to hadays as per the As per SEBI Cirunits held in ofreely transfer Although Unitmarket will deUnits on StockAs per SEBI ciprinciple appro Redemption/Rof the schemeHolders who dbeneficiary acthrough the stproceeds shalrelevant docum
Aggregate fee
NEW FUND These expedistribution etc. These e
ANNUAL SCThese are Managemeselling costs The AMC hato the schemwebsite of tthe AMC.
Investment Trustee fee Audit fees Custodian fRTA Fees Marketing &Cost related
he Fund ManagScheme is not a
sue
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cheme being ored under theMC within 5 bvestors/ unith
ours like any oht or sold on tave a demat ace settlement cy
rcular no. CIR/one demat accoable.
ts are to be lievelop or be mk Exchange duercular SEBI/IMoval for listing
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do not opt for ccount(s) can tock exchangel be paid out ments and det
es and expense
OFFER (NFO) Eenses are incu fees paid mar
expenses will b
HEME RECURR the fees andnt and Advisos etc. as given
as estimated thme as expense the mutual fu
Management
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ger would end adversely affec
chase of Units:
ffered through Scheme will
business days olders can buy
other publicly tthe Exchange ccount. All inveycle of the Sto
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MD/CIR No. 12/ of schemes fro
f units: No redewishing to exit
allotment of u dematerialize e. The scheme within 10 busitails.
es charged to t
EXPENSES urred for the rketing and adve borne by the
RING EXPENSESd expenses fory Fee charged
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29 | P a g e
deavor that capcted.
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010 dated 28ther demat accou
k Exchange, thhe AMC and thence of any ev/147132/08 daom National St
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Expenses undee of execution h market transance with SEBI okerage and ts and derivat
limit of Total s, 1996.
ot exceeding y SEBI from timent of gross ne
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er Regulation of trade and isactions and 0. circular no. transaction cotives transacti Expense Ratio
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30 | P a g e
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e Investor in u indirectly. The
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ied cities
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ointly with Ms. Sointly with Mr. Aointly with Mr. Sointly with Mr. Y
ointly with Giris Jointly with Mr. ointly with Mr. H
HAT ARE THE I
uant to the "S Scheme, as the
The Scheme sdelivery of relaengage in sholending and bderivatives traBoard. Providpermitted in ascheme does n
ES THE SCHEM
ge (in yrs)
Qual
6 BE (Mec, (Fina
42 PGDM(Finan
Suman Prasad Avnish Jain Shridatta BhandwYogesh Patil h Hisaria Ravi Gopalakris
Hemang Kapasi
NVESTMENT R
SEBI Regulatione case maybe:
hall buy and sative securities
ort selling of seborrowing speansactions in aed further tha
accordance wit not intend to in
ME
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chanical)MMS
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waldar
shnan
ESTRICTIONS?
ns", the follow
sell securities os and in all cascurities in acco
ecified by the a recognised sat the sale of h the guidelinenvest in Foreig
32 | P a g e
Ex
0 years
etails: Head - ReseaFunds Pvt. Ltd2016) Senior Equity India Advisor2009 till JuneResearch AnOswal SecuritSeptember 20 Research A
Global S2006 till D
8 years
wing investmen
on the basis oses of sale, deordance with t board. Provid
stock exchang government es issued by th
gn Securities/ s
perience
arch with SBI d. (July 2012 t
Analyst with Hry Pvt. Ltd (
e 2012) nalyst with ties (January 2009) Associate wSecurities
December 20
nt and other li
of deliveries anliver the securhe frame workded further the, in accordan
securities alrehe Reserve Bansecurities lendi
Ot
Pension till June
Heritage October
Motilal 2008 till
ith MF (April
008)
CanDiveRobCan
CanFunSavCanAdvRobRobOri(PlaCapOriCanProSerCapOriCanProSerCapOri
mitations are
nd shall in all cities provided
k relating to shhat the mutuance with the g
eady contractenk of India in thng and short s
ther Schemes
nara Robecoersified@, beco Large Canara Robeco Ba
nara Robeco Snd, Canara Robvings Plus Fundnara Robeco Tvantage Fund#
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rotection Series 2 - Robeco n Series 3%, apital ted Fund - ra Robeco n Series 5@,
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icable to
ases, take fund may
d securities enter into ued by the e shall be wever, The
2. t
3.
4. 5.
6.
7. 8.
9.
10.
11.
The securities the concerned
The scheme sinstruments ainvestment grinvestment limTrustees and t
Provided that collateralized b Provided furthare rated not b Provided furthas may be spe
The Mutual Fu
The Scheme shand the totalinvestments sManagement
The Mutual Fucapital carryin
The Scheme sh
Pending deplomay invest thespecified by thSEBI/IMD/CIR SEBI/IMD/CIR 2008 respectScheme(s) sha
“Short Te Such sho The Schescheduled of the Trus Parking oshall not e The Schescheduled
No mutual funinstruments of
The scheme sinstruments.
Investment in accordance wRegulations, 1
The Schememutual fund wschemes undeexceed 5% of N
purchased by Scheme, whe
shall not invesand non-monerade by a cre
mit may be exthe Board of di
such limit sha borrowing and
her that investm below investm
her that the schcified by the B
und shall enter
hall not invest investment i
shall be made Company.
und under all g voting rights
hall not advanc
oyment of fundem in short terhe Board. The No. 9/203 No. 7/129592ive and any oall abide by theerm” for parkin
ort-term deposeme(s) shall n commercial bastee. of funds in shoxceed 20% of t
eme(s) shall no commercial ba
nd scheme shaf any company
shall not inves
other Schemewith Regulation
996 according
/s may invest without chargier the same m NAV of the mu
the Fund shallrever investme
st more than ey market instedit rating agetended to 12% rectors of the a
ll not be applid lending oblig
ment within suent grade by a
hemes alreadyoard, conform
into transactio
more than 10in such instrue with the pr
its Scheme(s)s.
ce any loan for
ds of a schemerm deposits of e investments 06/03, SEBI/
2/08 dated 12other applicabe following guing of funds shaits shall be hel
not park moreanks put toget
ort term depos total deploymot park more tank including i
all invest morey
st more than
es : The investn 44(1) read g to which :
in another schng any fees, p
management outual fund.
33 | P a g e
l be got transfeents are intend
10% of its NAtruments issuency authorise of the NAV of
asset managem
icable for invesations:
uch limit can ba credit rating a
y in existence s to such limits
ons relating to
0% of its NAV iuments shall nior approval o
will not own
r any purpose.
e in terms of in schedule com
in these depo/IMD/CIR No
2 November 20ble guidelines delines for parall be treated ad in the name
e than 15% ofther. However,
its of associateent by the Mut
than 10% of th its subsidiaries
e than 10 per c
10% of its NA
tment by the S with Clause 4
heme under theprovided the agr in schemes u
erred in the naded to be of lon
AV in debt ined by a singled to carry of the scheme wment company
stments in Gov
e made in mo agency registe
shall within an.
Government S
n unrated debnot exceed 25of the Board
more than te
vestment objemmercial banksosits shall be io. 1/91171/07003, 16 April as amended rking of funds i as a period not of the Schemef the net asse, such limit ma
e and sponsor tual Fund in shhe net assets i.
cent of its NAV
AV in the unl
Scheme(s) in o4 of the VII S
e same asset mggregate inter
under the man
ame of the Mung term nature
struments comle issuer whicut such activi
with the prior ay:
vernment Secu
rtgaged backered with the Bo
n appropriate t
Securities only
bt instruments 5% of NAV of of Trustees a
en percent of
ectives of the scs, subject to su in accordance 7, SEBI/IMD/C 2007, 26 Octo or updated f in short term dt exceeding 91 e. ts in short te
ay be raised to
scheduled comhort term depo in short term d
V in the equity
isted equity s
other Mutual FSchedule to th
management cr scheme invesnagement of a
utual Fund on ae.
mprising monech are rated nty under the
approval of the
urities, treasur
ed securitised doard:
time and in the
in demateriali
issued by a sinf the Scheme
and the Board
any Company
cheme, the Much Guidelines with SEBI CirCIR No. 8/1ober 2007 anfrom time to deposits: days.
rm deposit(s) 20% with prio
mmercial banksits.
deposit(s), wit
shares or equ
shares or equi
Fund Schemeshe SEBI (Mutu
company or instments made
any other AMC
account of
ey market not below Act. Such e Board of
ry bills and
debt which
e manner,
sed form
ngle issuer e. All such d of Asset
's paid up
utual Fund as may be cular Nos.
107311/07, d 23 June
time. The
of all the or approval
ks together
th any one
ity related
ity related
s will be in ual Funds)
any other by all the
C shall not
12.
13.
14.
15.
16.
t
17.
Apexco Thchmu ThSEpeSc AMap
The Scheme/
The Scheme/s
Any unlisted Any security i The listed sec
The Fund sharedemption ofborrow more not exceed a p
Transfers of inif, -
Such transfer"spot basis" The securitie
such transfe
The cumulativnot exceed 10exceed 20% CIR/MFD/DF/1
Total exposureCBLO, G-Secs, Public Financia
Provided that exceeding 15%Housing Finan Provided furththese HFCs arshall not excee
The Fund shainvestments inshall not exceenet assets of tgroup as defininclude an ent
All investment
part from the Ixposure to a panditions and m
e AMC/ Trusteange, so as toutual funds to
e Trustees of tEBI Regulationermitted investheme will be m
MC’s investmeppropriate. But
/s shall not ma
s shall not mak
security of an a issued by way ocurities of grou
all not borrowf units or paym than 20% of t period of 6 mo
vestments from
rs are done at shall have sams so transferrer has been ma
e gross exposu0% of the net
of the net a11/2010 dated
e of debt sche T-Bills, short teal Institutions a
an additional% of the net ance Companies
her that the ade registered wed 25% of the
all ensure than securities issued 20% of the he Scheme wit
ned under regutity, its subsidia
t restrictions st
nvestment Resarticular scrip omarket opportu
ee may alter to permit the Sc achieve its res
the Mutual Fus change so
tments for the made in accord
ents in the St the AMC sha
ake any investm
ke any investm
associate or gr of private placup companies o
w except to mment of interestthe net assets nths.
m one scheme
the prevailingme meaning ased shall be in cde.
ure through eq assets of the sassets of the 18th August 2
mes of mutuaerm deposits o
and Public Sect
l exposure to assets of the s (HFCs);
dditional exposwith National H net assets of th
at total exposued by Public net assets of tth the prior apulation 2 (mm)aries, fellow su
ated above sh
strictions presc or sector may bunities.
hese above stcheme to makespective investm
und may alter t as to permit mutual fund idance with the
cheme: The Aall not be ent
34 | P a g e
ment in any fun
ent in:
roup company ement by an a
of the sponsor
meet temporart and dividend of the individu
e to another sc
market price s specified by s
conformity wit
quity/equity re scheme/s and Scheme/s. O010 shall also
al funds in a pa of Scheduled C
tor Banks) sha
financial servischeme shall b
sure to such se Housing Bank he scheme.
sure of debt Sector Units, P the scheme. Supproval of the B) of SEBI (Mutu
ubsidiaries, its h
all be applicab
cribed under t be prescribed f
ated restrictioe its investmenment objective
these limitatio the Scheme/s n order to ach
SEBI Regulatio
AMC may invitled to charge
nd of fund sche
of the sponsoassociate or gro which is in exc
ry liquidity ned to the unit houal scheme an
heme in the sa
for quoted ins stock exchangeth the investm
elated instrume the total expo
Other provision be complied w
articular sectoCommercial Ba
ll not exceed 2
ices sector (ov be allowed on
ecurities issued (NHB) and th
schemes of mPublic Financiauch investmen
Board of Trusteual Funds) Reg holding compa
ble at the time
he Regulation from time to ti
ns from time nts in the full s
e.
ons / objectives to make its ieve its investmons, including
vest in the sce any manage
eme
r; or oup company ocess of 25% of
eeds of the Fuolders, providend the duration
ame mutual fu
truments on se for spot trans
ment objective
ents, debt andosure to optionns as contain
with.
r (excluding innks and AAA r
25% of the net
ver and abovnly by way of
d by HFCs are e total investm
mutual funds al Institutions ant limit may beees (for this pugulations, 1996any and its asso
of making inve
s, internal riskime to respond
to time to the spectrum of pe
es from time to investments ment objective Seventh Sched
cheme, such aement fees on
of the sponsor; the net assets
und for the pd that the fundn of the borro
und shall be all
pot basis. [Expsactions.] of the Scheme
derivative posn premium paidned in SEBI c
nvestments in rated securities assets of the s
ve the limit of increase in ex
rated AA and ament/ exposu
in a group and Public Sece extended to 2urpose, a grou6 (Regulations)ociates).
estment.
k parameters fd to the dynam
e extent the Reermitted invest
o time to the in the full spes. All investmedule thereof.
amount, as thn this investm
; or .
purpose of d shall not
owing shall
owed only
planation -
e to which
sition shall d shall not
circular no
Bank CDs, s issued by
scheme;
25%) not xposure to
above and re in HFCs
(excluding tor Banks)
25% of the p means a ) and shall
or limiting mic market
egulations tments for
extent the ectrum of
ents of the
hey deem ent in the
sch19“Ttoen
UnTh PoThsuthespins ApapThha
Thinsem
Thca Futhemapro
Thstiapshseno
ThGeco
J) HO
Thha
heme. Investm96 which state
The asset manao invest has beentitled to charg
nderwriting bye scheme will
olicy for Inter-se Scheme mach a security ise Fund. Underot basis and struments shal
part from the pplicable to the
e Scheme shaas provided rat
e above reststruments issu
mphasized that
e Scheme sharrying the high
rther, the schee scheme. In aturity date anotection will ha
e yield on debpulated under
pply for purchaall be applicabcurity based u
ot be liable to l
e Scheme shaems & Jewelrnsider other se
OW HAS THE S
e Scheme beinave any perform
ments by the Aes that: agement compen made in thege any fees on
y the Scheme not accept und
scheme Transfey purchase / ss under the bur such circumst in conformity ll be done in ac
investment rese Scheme. ll not invest ming to this sche
riction shall nued by Public t the equity ho
ll not invest inhest credit ratin
eme shall inve case of securitnd not the "pave highest inv
bt securities at r CRISIL/ICRA/Fase of securitieble at the timepon the above
iquidate those
all not invest iies sectors. Dectors/compan
CHEME PERFO
ng offered undmance track re
AMC will be in
pany shall not e offer docume its investment
derwriting and
ers sell securities uuy / sell list of tances, the tra with Regulaticcordance with
strictions enum
more than 20%eme.
not apply to Sector Undelding of the Go
Debt Securitieng accorded by
est only in suchties with put out option" davestment grad
the time of puFIMMDA Bond
es issued by Goe of investmene parameter ae securities;
in debt instrumepending up nies for applyin
RMED?
der this Schemcord.
35 | P a g e
accordance w
invest in any oent, provided tt in the scheme
d sub underwrit
under the Sche this Scheme ansactions will ions. The valuh the general v
merated above
% of its net asse
Government rtakings (PSU
overnment of I
es which are ny an approved
h securities wh options, the m
te. Further, dee rating;
urchase shall nd Matrix as appovernment of Int and not thernd then the yi
ments issued on the changng such restrict
me Information
with Regulation
of its schemes that the asset e.”
ting obligation
eme through tand is on the s be effected bauation of untra valuation polic
e, the followin
ets in debt inst
of India Secu). For the pu
ndia in such PS
ot rated. Inves credit rating a
hich mature onmaturity shall ebt componen
not be more thplicable to AAA
ndia and Publreafter. Thus, eld moves bey
by companiesges in the invtions from time
n Document is
n 24(3) of the
unless full disc management
ns.
the mode of Inell / buy list of
ased on the praded / unquoies of the Fund
ng additional r
truments rated
urities (Sovereurpose of deteSUs is 51% or m
stments will beagency.
n or before the be reckoned wnt of the portf
han 100 bps toA instruments.ic Sector Unde
if the Fund Mayond 100 bps,
in the Real Eestment envire to time.
a new scheme
e SEBI (MF) Re
closure of its in company shal
nter-Scheme Trf another Scheevailing marke
oted securities d.
restrictions sha
d by CARE as th
eign Debt), raermining the
more.
e made only in
e date of the mwith respect tofolio required f
o the benchma. However, thisertakings. The anager has inv the Fund Man
Estate, Construronment, the
e and currently
egulations,
ntention l not be
ransfers, if eme under et price on and debt
all also be
his agency
ated debt PSU, it is
n securities
maturity of o the final for capital
ark yield as s shall not restriction vested in a nager shall
uction and AMC may
y does not
This se
A. NEW FUNew Fund This is twhich a its units to
New FundThis is tthat the pay to NFO. MinimumApplicatioMinimum
Plan / Op
ection provides
UND OFFER (Nd Offer Period
the period du new scheme o the investors
d Offer Price: he price per investors havinvest during
m Amount on in the NFO
m Target amou
ptions
s details you n
NFO)
uring sells s.
NFO opNFO cl(The Trprescri*The mthe maconside
unit ve to the
Face V
for
Minim
nt Rs. 20This is duringwithoufrom tbe paidsubscrRegulaDirect Regulaschem Direct Schemwho roHolder The Dithe exdistrib Canarasubscralso filof the Defauloption
In casetable
Scena
1
2
3
III.
eed to know fo
pens on: 12th Moses on: 26th Mrustee reservesibed timelines fmaturity periodaturity date faered for the pu
Value of Rs. 10/
um amount: R
.00 Crore (Rs. the minimum the NFO perio
ut any return. Hhe date of clod to the investiption period. ar Plan-Growth Plan - Growth,
ar Plan: Regue through a Di
Plan: Direct me directly with
oute their inver).
rect Plan shalxtent of distution of Units w
a Robeco Mutibing under Rell the Regular application for
lt Option: In cns, it will be con
e of valid appli
ario Brmeinv
No
No
No
36 | P a g e
UNITS AND OF
or investing in
May, 2017 May, 2017 s the right to ex for not more thd will be calculalls on a non urpose of matu/- per Unit
Rs. 5,000.00 a
Twenty Crores amount requiod, then all th
However, if AMosure of NFO, itors from the e h, Dividend (Pa, Dividend (Pay
ular Plan is foistributor.
Plan is only fh Canara Robestments throu
l have a lowerribution expe
will be paid / c
tual Fund shaegular Plan & Plan form, butrm.
ase of valid apnsidered as op
ications receive
roker Code entioned by thvestor
ot mentioned
ot mentioned
ot mentioned
FFER
the Scheme.
xtend the closihan 15 days.) lated from the working day, rity date in the
and multiples o
s) red to operatee investors wo
MC fails to refu nterest as speexpiry 5 busine
ayout) yout)
or investors w
or investors weco Mutual Fuugh a Distribut
r expense ratioenses, commi charged under
ll have separa Direct Plan. Int should clearl
pplications rection for Growt
ed the default
e Plan meinvestor
Not me
Direct
Regular
ing date, by iss
date of allotm the succeedin
e scheme
of Rs.10.00 the
e the scheme aould be refundund the amounecified by SEBI ess days from t
who purchase
who purchase und and is notor (AMFI regi
o as comparedssion, etc an the Direct Pla
ate “Applicatiovestors applyiny indicate “Dir
eived without h Option and p
plan will be ca
entioned by ther
ntioned
r
suing a notice,
ment of units. Hng working da
ereafter.
and if this is noed the amoun
nt within 5 bus (currently 15%he date of clos
/subscribe Un
/subscribe Unt available forstered distribu
d to the Regulnd no commn.
on Forms” forng under Direcrect” in the AR
indicating any processed acco
aptured based
e Defaulbe cap
Direct
Direct
Direct
within the
However if ay shall be
ot collected nt invested siness days % p.a.) will sure of the
nits in the
nits in the r investors utor / ARN
lar Plan to mission for
r investors ct Plan can RN column
y choice of ordingly.
d on below
lt Plan to ptured
Plan
Plan
Plan
Dividend Policy
4
5
6
7
8
In caseapplicaARN codistribureproce GrowthUnder under the un DivideDividethose recordto timdividendistribdecisioto UnitregulareceiptreduceThe Scthe Trutoo smmay nreturnIncomdate othe Neregisteof dividpayoutIf AMC15% pdispatc DivideIn acco2006, 1. Qua
dec2. Wit
pubonenewMut
3. Redeteholdissu
Me
Dir
Dir
Me
Me
es of wrong/ intion shall be pro
ode within 30 cutor. In case, thess the transactio
h Option this option, n this option wiits under this o
nd Payout Optnds, if declare
Unit holders w date. The Trus
me. However, nd and the futable profits
on of the Trustt holders as torly. In order tt of clear funded by the amoucheme may disustees from timmall for distribnot take places. e Distribution,
of declaration oet surplus of ter of unit holdedend, the NAVt and statutory
C fails to pay th.a.) will be pach of the divide
nd Distributionordance with the procedureantum of dividided shall be p
thin one calendblic communicae English dailwspaper publistual Fund is sitecord date shermining the eders for receiv
ue of notice.
37 | P a g e
entioned
rect
rect
entioned
entioned
nvalid/ incompleocessed under Rcalendar days ohe correct code on under Direct P
no dividends ll continue to
option.
tion ed, will be paiwhose names astee / AMC res
it must be difrequency ther as computedee in this regao the rate of dto be a Unit hds by the Scheunt of dividendstribute, surplume to time. If tbution, in the e. The Scheme
if declared, wa of Income Dist the Scheme, ters on the dateV of the dividey levy (if appliche amount witaid to the invend.
n Procedure SEBI Circular ne for Dividend Ddend and the rpaid, subject todar day of deciating the decisy newspaper
shed in the lanuated.
hall be the da eligibility of invving dividends.
Direct
Not Me
Regular
Regular
Not Me
ete ARN codes Regular Plan. Theof the receipt of is not received
Plan from the da
will be declar remain invest
d (subject to appear in the Rserves the rightstinctly underreof will interd in accordanard shall be finadividend distribholder, an inveme. On paymd and dividend us if any, by wahere is no dist opinion of the is not assuri
arrants will beribution. The Ito those unit
e to be notifiednd option of table) thin 30 days,
vestors from t
no. SEBI/ IMD Distribution wo record date wio availability of
sion by the Trusion about the having nationguage of the
ate, which wivestors whose. The Record D
ntioned
r
r
ntioned
mentioned on e AMC shall conf the application
d within 30 caleate of application
red. The incomed and will be
deduction of tRegister of Units to change thrstood that thr-alia, depend
nce with SEBI al. There is no bution nor wilestor has to b
ment of divide tax (if applicaay of dividendributable surp
he Trustees, thing or guaran
issued within ncome Distrib holders whosd for the purpohe Scheme wo
interest as spehe expiry of 3
/ Cir No. 1/ 6ould be as undll be fixed by t
f distributable sustee, the AMC dividend incluonwide circulae region where
ll be conside names appea
Date will be 5
Direct
Direct
Direct
Regula
Regula
the applicationntact and obtain n form from thendar days, then without any ex
me attributable reflected in t
tax at source, t holders on th
he record date he actual declad on the ava (MF) Regulat assurance or l that dividendbe allotted Unnds, the NAV ble) paid. /, as may be d
plus or surplus he Dividend dnteeing any di
5 working dayution will be pe names appese. Pursuant toould fall to the
ecified by SEBI 30 days till th
64057/06 dateder: the Trustee. D surplus. C shall issue nouding the recoation as welle the head off
red for the par on the regis calendar days
Plan
Plan
Plan
ar Plan
ar Plan
n form, the the correct
he investor/ e AMC shall xit load.
e to units the NAV of
if any) to he notified from time aration of ilability of tions. The
guarantee ds be paid nit against will stand
decided by amount is
declaration ividend or
ys from the paid out of ear in the o payment e extent of
(currently he date of
ed April 4,
Dividend so
otice to the rd date, in l as in a fice of the
purpose of ster of unit s from the
Allotmentt
4. Thedivilevy
5. The any
6. Befodivi
SubjecUnits aNFO Pwill bebeen rof unitnearesadhererepres Allotm As permanagcalendtransathe disfolios t Providaccounday ofschemtaken Providacross consol AMC sinvestoand/othe Neto the or befreceiveinvesto Furthein ordeMutuaDeposinvestosaid reinvestomanne I. Inves ConsolRTA toof the duringhalf yeholdin
e notice will, indend, the NAV
y (if applicable) NAV will be a
y, at the close oore the issue odend declarati
ct to the receip applied for wileriod for all va
e subject to rereasonably satts will not be st whole numbence to the traented by fracti
ment Confirmat
the provisiongement compdar month is issctions and holstributor, acro
transaction ha
ed that the ant statement ef succeeding mes of all mutu
place during th
ed further tha fund houses idated accoun
hall send allotor by way of r mobile numb
ew Fund Offer unitholder in ore 10th of thed from invesors within 5 (fiv
r, SEBI vide itser to enable a
al Fund and sitories to genors having mutequirements tors on or afteer:
stors who do n
lidated accouno investors not succeeding mo that month.
early (Septembg at the end o
38 | P a g e
n font size 10, bV of the Schem). djusted to the
of business hou of such notice,
on in any manpt of the specifl be made wit
alid applicationealization of pisfied of havin made in decber at the timadable lot of oonal units will
tion / Consolid
s of Regulatioany shall enssued, on or beding at the enss all schemess taken place d
asset manageevery half yearmonth, detailinual funds, to ahat period:
t the asset ma by their permat statement.
tment confirm email and/orber not later thPeriod. A Cons whose folio trhe succeeding stors, Mutual ve) Business D
s circular ref. na single consolsecurities helderate and distual fund inveshe account st
er February 1,
not hold Dema
nt statement*, holding demaonth to the inv Consolidated ber/ March), o of the six mon
bold, categoricme would fall
extent of diviurs on record d, no communinner whatsoevfied minimum thin 5 businessns received duayment instrug received cleaimals/fractione of allotmenne unit on the be refunded t
dated Account
n 36(4) of SEBure that consfore tenth dayd of the months of all mutua
during that mo
ement compaly (Septemberng holding at
all such investo
anagement coanent account
ation specifyinr SMS’s to thehan 5 (five) busolidated Accoransactions ha month by e- Fund will prays from the re
no.CIR/MRD/Didated view of
d in demat fopatch a singlestments and htatements for 2015 will be
at Account
based on PANat account, forvestors in who account statemn or before 10
nth, to all such
cally state that to the extent
dend distributdate. cation indicatier will be issue subscription as days from thring the NFO Pment and subar funds. Also, s. The units wt of units for Stock Exchango the investor.
Statement (CA
BI (Mutual Funolidated acco
y of succeedingh including traal funds, to allonth:
ny shall ensur/ March) is iss the end of thors in whose f
mpany shall idt number for t
ng the numbere investors’ resiness days frount Statementve taken placemail/mail. In rovide an acceceipt of such
P/31/2014 datf all the investorm with Depe consolidatedholding demat transactions i dispatched to
N of the holder each calendase folios transament shall be
0th day of succh investors in
t pursuant to p of payout and
ion and statut
ng the probabed by Mutual Fmount, full all
he date of closPeriod. Allotmebject to the AM note that the
will be convert NFO applicantge. The balanc.
AS):
nds) Act 1996,unt statement
g month, detailnsaction chargl the investors
ure that a cosued, on or behe six month, olios no transa
dentify commo the purposes o
r of units allotegistered emaom the date oft (CAS) shall ale during that m case of specifount stateme request.
ted Novembertments of an ipositories, hasd account stat accounts. In v
in units of theo investors in
rs, shall be senr month withinactions have ta sent by AMC/eeding month
whose folios t
payment of d statutory
tory levy, if
ble date of und. lotment of sure of the ents made MC having allotment ted to the ts to be in ce amount
The asset t for each ling all the ges paid to s in whose
nsolidated efore tenth across all action has
on investor of sending
tted to the ail address f closure of so be sent
month, on fic request
ent to the
r 12, 2014, investor in s required ement for
view of the e Fund by following
nt by AMC/ n 10th day aken place /RTA every h, detailing there have
been n *Consorelatinpurchainvestm(includmonth II. Inve ConsolDeposday of place devery detailidemat In casemutuaapplica **Consdetailsviz. puinvestm(includdematend of Followthroug a. InveAMC shany finbeforeno em b. Thesubjectincludi c. In thnamedthe pufunds/on themutua d. Invereceiveaccoun e. For sent by f. The the AMshall preceipt
no transactions
olidated accoug to all financ
ase, redemptioment plan, syding transactioh.
estors who hol
lidated accounitories to inves the succeedin
during that mo half yearly (Seng holding at t accounts ther
e of demat acal fund folios, table to the dep
solidated accos relating to allrchase, redem
ment plan, syding transactterialised secuf the month.
wing provisionsgh depositories
estors are requhall henceforth
nancial transace tenth day of sail id is provide
e statement set to realisatioing the applica
he event the fod Unit holder/Aurpose of CAS/depositories se common seqal funds / dema
estors whose e CAS. Investont(s) are updat
Unit Holders wy e-mail.
Unit Holder mMC/RTA. In case
rovide the acct of such reque
39 | P a g e
s during that p
unt statement cial transactionon, switch, di
ystematic withon charges pai
d Demat Acco
nt statement*stors holding dng month to thonth. Consolidaeptember/Ma the end of there have been n
ccounts with nhe depository positories.
ount statemen financial trans
mption, switch, ystematic withion charges rities across d
s shall be appls:
uested to noteh issue monthlction done in s succeeding moed in the folio.
ent within the on of payme
ation form, by t
olio/demat accAccount holdeS (AMC/RTA hall be identifi
quence/order oat accounts acr
folio(s)/demaors are therefted with PAN.
who have provi
may request foe of a specific rount statemen
est.
eriod.
sent by AMC/ns made by anividend payou
hdrawal plan, id to the distri
unt
*, based on Pdemat accounthe investors inated account srch), on or be
e six month, too transactions
nil balance and shall send acco
nt sent by Desactions made dividend payo
hdrawal plan, paid to themat account
icable to CAS
e that for folioly account statuch folios; the
onth. Such state
time frame mnt instrument
the RTA/AMC.
count has morr shall receive or Depositoryed on the basi
of investors in ross depository
at account(s) aore requested
ded an e-mail
r a physical ac request receivent to the unit h
/RTA is a staten investor acrout, dividend re systematic traibutor) and ho
PAN of the hot, for each cale
n whose folios statement shalefore 10th dayo all such invess during that pe
d no transactiount statemen
epositories is ae by an investoout, dividend r systematic trae distributor
ts of the inves
sent through A
os which are nement to the u
e monthly stateements shall b
mentioned abot and/or veri
re than one re the CAS (AMC
y), common iis of PAN. Cons various foliosy participants.
are not updatd to ensure th
address in KYC
ccount statemeed from the un
holders within 5
ement containioss all mutual einvestment, sansfer plan, bolding at the e
olders, shall bendar month w transactions hl be sent by Dey of succeedinstors in whose eriod.
ions in securitnt in terms of re
a statement cr across all mu
reinvestment, sansfer plan, b) and trans
stors and hold
AMC/ RTA and
not included inunit holders, pement will be
be sent in physi
ove is provisiofication of do
gistered holdeC/RTA or Deposnvestors acrossolidation shals/demat accou
ted with PANhat their folio
C records, the C
ent by writing nit holders, the 5 business day
ing details funds viz. systematic bonus etc. end of the
be sent by within 10th have taken epositories ng month, folios and
ies and in egulations
containing utual funds systematic bonus etc. action in ing at the
d CAS sent
n the CAS, ursuant to
sent on or ical form if
nal and is ocuments,
er, the first sitory). For ss mutual l be based
unts across
shall not (s)/demat
CAS will be
to/calling e AMC/RTA ys from the
g. AccoprintedcurrenUnit H h. NonBusineissued i. Unittransfedate su Annua• The
notstatvalu
• ThePor
Alte
ma Half Ye• A co
evemodur
• Theholma
Unit hoafter reaccessthe Fudeemeintercethird p Furthefor the • The
absinvemoevegroserv
• The
percon
• Suc
do inve
ount Statemend statements it financial yeaolder.
n-transferable ess Days of the for any fractio
s held, either erable. The Truubject to SEBI
al Account State Mutual Fundst transacted dutements. The ue of the Unitse account statertfolio Stateme
ernately, soft cil address, inst
early Consolidaonsolidated ac
ery six monthsnth, to all su
ring that periode half yearly coders whose e-mde to receive i
olders who receceiving e-maiing the electro
und to enableed that the Uneption of the parties.
r, as per the pe half-year shal
e amount of asolute terms) destments in enetary payme
ent sponsorshiposs commissiovice tax (where
e scheme’s aveiod for each
ncerned investo
ch half-yearly C not have any estment has be
40 | P a g e
nts shall not bndicating the dr and giving th
Unit Certificat receipt of a re
onal Units entit
in the form oustee reserves (MF) Regulatio
ement: s shall provide uring the last s Account States prior to the daements in suchent or Annual R
copy of the acctead of physica
ated Account Sccount statemes (i.e. Septemch Unit holded shall be sent onsolidated acmail address is
n physical.
ceive account sil from the Funonically deliver the Fund to it holder is aw
documents an
provisions of Sll also provide
actual commis during the haleach scheme. nts and other ps etc. by AMCn and does never applicable
erage Total Ex scheme’s appor has actually
CAS shall be is holdings in Meen paid to dis
e construed as details of transhe closing bala
tes will be senequest for the tlement.
of Account Sta the right to m
ons issued from
the Account Stix months prioement shall reate of generat
h cases may beReport of the S
count statemeal statement, if
Statement: ent detailing hober/ March),
ers in whose f by mail/emailccount statems registered wit
statements bynd. Should the ed documents make the de
ware of all secund contents of
EBI circular da the following(
sion paid by Af-year period a
(The term ‘c payments madCs/MFs to distnot exclude coe, as per existin
xpense Ratio (ilicable plan ( invested in.
sued to all invMF schemes anstributors, duri
s proof of titlesactions underance of Units fo
nt, if an applic certificate. Un
atement or Unmake the Unitm time to time
tatement to thor to the date oeflect the lateion of the accoe generated ancheme.
nts shall be mf so mandated
olding across a on or before folios no transl. ent will be seth the Fund, un
e-mail may d Unit holder exs, the Unit holdelivery throughurity risks incluf the documen
ted 20th Septapplicable from
AMCs/Mutual against the cocommission’ hde in the formtributors. The osts incurred ng rates), oper
in percentage regular or dir
vestors, excludnd where no co
ng the concern
e and are only the Schemes
or the informat
cant so desiresit Certificates w
nit Certificates,ts transferable .
he unit holders of generation oest closing baount statementnd issued alon
ailed to the in.
all schemes at 10th day of ssaction has ta
nt by e-mail tonless a specific
ownload the dxperience any dder shall promph alternate meding possible tnts becoming
ember, 2016 Cm 1st October,
Fund to distrioncerned inveshere refers to of gifts / rewa
commission d by distributorrating expense
terms) for theect or both) w
ding those inveommission agned half-year p
computer during the tion of the
s, within 5 will not be
, are non- at a later
who have of account lance and t, g with the
vestors’ e-
the end of succeeding aken place
o the Unit c request is
documents difficulty in ptly advise eans. It is
third party known to
CAS issued 2016):
ibutors (in stor’s total all direct ards, trips, isclosed is
rs such as es, etc.)
e half-year where the
estors who ainst their
period.
Refund
Who can This is anyou areconsult advisor whether suitable t
invest
n indicative liste requested
your finato asce
the Schemeo your risk pro
Unit CeNormaunithodays othe unrecovethe Sto DematThe Aphave arequireAccounThe Undetailsaccounmay bexchanIf the Ua latedemata Dem Howevremateby theunder If applclosure@ 15%In the allotmand by
t and to
ancial ertain e is file.
Adumin
Adu Hind Part A Co A Bo A Co
Indi A R
law Fore Fore
RegReg
Ban Pen Non
non Arm
inst Mul
perm Qua
Aug Oth
SEB
ertificates: ally no unit colder so desires
f the receipt onit certificate wered from the ock Exchange.
terialization / pplicants intena beneficiary aced to mentionnt No. with thenits allotted ws provided in tnt holder for ue noted that tnge(s) (where
Unit holder desr date, the ret) form into De
mat/Remat Req
ver, the Trusteerialization pro
e Depositories, the Depositoriication is rejece of NFO. If ref
% p.a. for delay event of Applicent, the Schem
y way of Chequult Individual(s)nors jointly withult Individual(s)du Undivided Ftnership Firms ompany as defody Corporate o-operative Soia eligious or Chas and authoriseign Institutioneign Portfolio
gulation 2(1)(hgulations, 2014nks and Financinsion Funds/Pen Resident Indn-repatriation bmy, Air Force,
itutions. Scienltilateral Fundimission of Govalified Foreign gust 9, 2011 as er Schemes oI Regulations
41 | P a g e
certificates wils, the AMC shaf request for th
will form part Unitholder. Ho
Rematerializading to hold tccount with a
n in the applice DP at the timwill be creditedthe applicationnits held in de
trading and se the Units are lsires to hold thequest for conemat (electronquest Form to t
ee / AMC resocess in accord, viz. NSDL/ Ces Act, 1996.
cted, full amoufunded later thy period will becations not beme will refund
ue or Demand ) and also minh adults not al) jointly not ex
Family (HUF) fined in the Co established by
ociety registere
aritable Trust ed to invest in
nal Investors (Fo Investor (Fo
) of Security Ex4 . ial Institutions ension Fund Maians (NRIs) an
basis Navy and othtific and Industng Agencies /
vernment of Ind Investor (QFI) and when app
of the Fund su
ll be issued uall issue a unit he certificate. Tt of the annuaowever, such
tion of Units: he Units in de
Depository Pacation form De of purchasind to the DP an form. The stamat will be se
ettlement in th isted) will be phe Units in a Denversion of unic) form or vice
their Depositor
erves the righdance with thDSL and/or in
unt will be refuhan 5 business e paid and charing complete i
d the Applicatio Draft marked `nor(s) through lowed).
xceeding three,
mpanies Act, 1y or under any
ed under any la
/ Wakfs or a S Mutual Fund S
FIIs) registeredoreign Portfolxchange Board
anagers
nd Persons of
her para-militatrial Research Body Corporatdia / Reserve B as per SEBI cirplicable bject to the c
under the Sch certificate to t
The cost of staal ongoing ex
unit certificate
materialized mrticipant of theP's Name, DPg Units during
account of theatement of hont by the respehe Units of thepermitted only ematerialized /nits held in Ae versa should ry Participants.
ht to change he procedural n accordance
unded within 5 days from therged to the AM
in all respects on Money to t
`A/c Payee’. their parent/g
, on first holde
1956, Public Se law in force inaw relating to C
Society establi Schemes with SEBI io Investor (d of India( For
Indian Origin
ary units and Organisations tes incorporate
Bank of India rcular CIR / IM
onditions and
heme. Howev the unitholdermp duty paid
xpenses and/oes are not trad
mode will be ree NSDL/CDSL a
P ID No. and B the NFO of th Unit holder a
olding of the bective DPs perie scheme over in electronic fo
/ RematerializeAccount Statem be submitted .
the demateria requirements with the prov
5 business daye closure of NFOMC. and the conse the applicant(s
guardian. (App
er or survivor/s
ector Undertakn India Co-operative S
shed under th
FPI) as definreign Portfolio
(PIOs) on repa
bodies create ed outside Indi
D / DF / 14 / 2
limits prescrib
ver, if the r within 30 for issuing or may be dable with
equired to and will be Beneficiary e Scheme. as per the beneficiary odically. It
r the stock orm. ed form at
ment (non alongwith
alization / laid down isions laid
s from the O, interest
quent non s), by Post
plication of
basis.
kings.
Societies in
e relevant
ned under Investors)
atriation /
d by such
ia with the
2011 dated
bed under
AnyIndi
NRI Notes 1. Non
/OvPortof Iof Srederegu
2. In ca
origsubsigntheiConautAppby tthem
3. Inve
comInveidenbyeproregi
ThedecFormautinveAMCvalion suchthe
4. Ret
accocheinve
5. The
SchUnit
6. No
Fun 7. Sub
rejealiaincothe
y other categoian Laws in futs and PIOs
:
n Resident Indverseas Citizentfolio Investorsndia under Sch
Security by a Peeeming units oulations.
ase of applicatginal Power omitted. In case
natories / officir official desi
nstitutive Docuhorized officia
plication Form. the Investors am and they po
estors desiringmply with the estors are reqntity and addre-laws/trust deof of authorizaistered with SE
Fund / Alarations/affirmm(s) and the dhorised by theestment / tranC / Trustee / odity and autho
behalf of the h other inform investments m
turned chequeompanying apques are prese
estor.
e Trustee resereme on accouts of this Schem
request for wd Offer Period
ject to the SEBected in the so reject any ap
omplete or if th best interest o
42 | P a g e
ry of investorsure.
ians (NRIs) anns of India (Os (FPIs) have bhedule 5 of therson Resident
of the mutual
tion(s) made bof Attorney ore of applicatiocials of Non-Ingnation and aments/Board
als, duly certi. The Fund/AM
are not prohibossess the nece
g to invest / KYC norms apquired to proess such as cop
eed/partnershiation to invest,EBI.
AMC / Trustemations provid
documents fure Constitution dnsact. Further, other intermedorization of the Investors. The
mation and docmade by the inv
es are liable npplication formented again, t
rves the right unt of dishonome.
ithdrawal of a.
BI (MF) Regulaole and absolupplication for the Trustee for aof the Scheme
s that may be
nd Persons of CI) / Foreign
been granted ae Foreign Excht Outside India funds subject
y Individual Invr a certified ns made by Nodividual investas per the au resolutions, etified / atteste
MC/Trustees shbited by any laessary authority
transact in mpplicable from ovide prescribepy of the Memp deed/ Certi, as applicable
ees / other ded by the Invernished to the document/ the the Investor s
diaries in case oe transactions a Fund / AMC /
cuments as mavestor.
not to be prems are liable he necessary c
to recover frour of cheques
application wil
ations, any appute discretion othe purchase o any other reas or its Unithold
permitted by
Indian Origin Institutional I a general permhange Managea) Regulations to conditions
vestors under true copy duon-Individual Itors should siguthority grantetc. A list of speed should alshall deem thataw/Constitutivy to invest/tran
mutual fund sc time to timeed documents
morandum andficate of Regi, to the KYC Re
intermediarestor(s) in the KRA that the Ieir Board of Dihall be liable t
of any dispute and / or the ap / Trustee reseay be required
esented again to be rejected charges are lia
m an investor issued by the
l be allowed a
plication for U of the Trusteeof Units if the son does not beers to accept s
the Trustees
(PIOs) residinInvestors (FIIs)mission by Resement (Transfe, 2000 for inv set out in the
a Power of Attly notarised s
nvestors, the agn the applicated to them uecimen signatuso be attachet the investme
ve documents nsact.
chemes are re. Under the KYs for establis
d Articles of Assstration alongegistration Age
ies will rely Application/T
Investor(s) is pirectors etc. to to indemnify t regarding thepplicant who hrves the right by it in conne
for collectiond. In case the
able to be debi
r any loss caus investor for p
after the closu
nits may be ac. The Trustee application is elieve that it w
such an applica
as per the
ng abroad )/ Foreign serve Bank er or Issue esting in /
e aforesaid
torney, the should be
authorized tion under nder their
ures of the ed to the ents made governing
equired to YC norms, hing their sociation / g with the ency (KRA)
on the ransaction permitted/ o make the the Fund /
eligibility, as applied to call for ection with
n, and the e returned ited to the
sed to the urchase of
re of New
ccepted or may inter- invalid or
would be in ation.
Who cann
Where cafilled up a
How to A
Listing
Restrictioright to dispose offered.
not invest
an you submit applications.
pply
ns, if any, on freely retain
of units b
• PursOver
• NRIs(NCC
• NRIState
• Sucht the During
shouldOfficiaof the ASBA: ASBA pbanks applicaand wbe subList of (www.SyndicauthorForm. InvestobeforerequesPleasePlease1. Menredem2. MenThe schSchemrecogndate ocan buhours Units tto tradUnits oStock EAs perfacilitaunits oAlthouactive not beany evAs per have Exchan
n the n or being
The AMScheminterestime arepurcrestrictpublishwell asof the PledgeThe Un
suant to RBI rseas Corporats and foreign
CTs) as determs and PIOs whes Persons undh other person
g the NFO perd be submittedl Points of Acc SID. In addition to
process. For us (SCSBs) providation money will be debited o
bmitted only at SCSBs and th.sebi.gov.in).Foate Banks (SCSrizing blocking ors applying th
e making theirsted to refer toe Refer the SAI e note that it isntion their ban
mption requestsntion their Permheme being of
me and the unnized stock excf allotment. As
uy / sell units like any other that can be bode in units wou on the Stock Ex Exchange. r SEBI Circularate transferabilof the scheme hugh Units are t secondary mae liable for delavent beyond th SEBI circular Sobtained in-pnge of India LtdMC reserves t
me during NFO,st of the Invesand such repuchase mentiontions which shhing the sames in a newspap Mutual Fund is
e of Units nits under the
43 | P a g e
A.P. (DIR See Bodies (OCBs
n nationals reined by the Fin
ho are residentder applicable ns as may be spriod the applicd at the office oeptance, whos
o the above alsing ASBA facilding ASBA faciwill be blocked only on allotmt Self Certified eir designatedor using ASBASBs) providing of funds from
hrough the ASBr application.
o Statement of and applicatios mandatory fonk account nums. manent Accouffered throughnits offered uhanges as mays the units will
on a continuor publicly tradeught or sold o
uld be requiredxchange on al
r no. CIR/MD/lity of units he
held in demat o be listed on rket will develay in trading oeir control.
SEBI/IMD/CIR Nprinciple approd. the right to re, depending onstors. Investorsurchases are sned elsewhereall be intimate
e in one Englisper published i
s situated.
Scheme may b
ries) Circular s) cannot invessiding in Non
nancial Action Tts of the Unite laws/ statutes pecified by AMcations filled u of the Collectiose names and
l applicants caity investors shility and submd from the res
ment of units in Syndicate Band branches shaA facility inve ASBA facility a
m the bank acc
BA facility shou For further d Additional Info
on form for furtor unit holdersmbers in their
nt Number (PA this Scheme I
under the Schy be decided b be listed on st
ous basis on thed stock at man the Exchang
d to have a deml the trading d
/DF/10/2010 dld in one dem form shall be f Stock Exchangop or be main
of Units on Sto
No. 12/147132/oval for listin
eject the subsn the prevailings may, howevsubject to exite in this doced to SEBI andh daily newsp
n the languag
be offered as s
No. 14 datedst in Mutual Fu
n-Compliant Co Task Force (FATd States of Am and the resideC from time toup and duly son Centers / In addresses are
an participate hould approacit ASBA applicspective bank
n his/her namek (SCSB) at the
all be displayeestors should and submit thount specified
uld fully read tdetails on ASBormation (SAI)ther details ans to: application fo
AN) in their apnformation Doeme will be
by AMC within 5tock exchange
he stock exchaarket prices. The is 1 (one) un
mat account. Adays as per the
dated 28th Auat account to a
freely transferage, there can b
ntained. The AMock Exchange d
/08 dated Deceng of scheme
scription/ applg market conder, offer the ut load and suument. Truste shall be notifaper having n
ge of the regio
security by way
d September 1unds. ountries and TF), from time
merica/definedents of Canadao time. igned by the
nvestor Service mentioned on
in the NFO thch self certifiedcation to them account of the. ASBA appliceir designated
ed on the SEBI approach Selfe ASBA applica in the ASBA A
the applicable BA facility, inv). d instructions.
or purchase of
plication. ocument is a cl listed on one 5 business dayes, investors/ uanges during thhe minimum nit. Unitholders
All investors mae settlement cy
gust, 2010, in another demaable. be no assuranMC and the Tr
due to the occ
ember 11, 200es from Natio
lication for unditions and to punits for repurubject to restrees shall appied to all unit
nationwide circn where the H
y of a pledge /
16, 2003,
Territories to time. as United
a and USA
applicants e Centers / n last page
hrough the d syndicate
m. The NFO he investor ations can branches. ’s website f Certified ation form Application
provisions estors are
f units and
ose ended e or more ys from the unitholders he trading
number of s who wish ay buy/sell ycle of the
n order to at account;
ce that an ustees will urrence of
8 Trustees onal Stock
nits of the protect the rchase any rictions on rove such
holders by culation as ead Office
/ charge in
Special Pavailable
Products / faci during the NFO
favour(NBFC)the duloans wother bThe PlewrittencurrenDividename the lie Lien onOn an will hauntil thunits sthe cheof payshall bbe dispwill nosubmitunits fr
ilities O
Inter-SThe M(subjecany otMutuaThis Oinvestmcompleare bebe effreinvesaccordSchemof Unitprice aRedemfor uni SubscrInvestoinvestoNationmembrepresmay b/ subsmechashall band thunithobe avaunits osuch g(Mutuatime to TRANSInvesto
r of a schedu), or any other
uly completed will be at the
body concerneedger will not n authorizationcy of the pledgnds declared o of the unit Hon letter.
n Units ongoing basis
ave lien on the he subscriptio
soon after makeque /draft tement by the ba
be cancelled, apatched to theot permit redtted. The AMCrom time to timScheme Switch
Mutual Fund pct to provisionther open enal Fund to this sOption will be ment among tetion of lock-in
eing switched) fected by waystment of the
dingly, to be efme and the issu
ts that may beat which the
mption Price, ats in the schem
ription throughors are requestors can transnal Stock Exchaber can facilitatented by guarde qualified as cribe to units
anism as providbe allotted unithe records of olders. Investorailable to the inon NSE. The trguidelines as mal Funds) Rego time.
SACTIONS THROors may enter
44 | P a g e
uled bank, finr body for obta documents as entire discretid and the Fund be able to redn to the Fund ge, the Pledgeeon Units underolder and will b
s, whenever ex allotted units n amount is rking purchase,ndered towardank, the transaand a fresh Ace Unit holder. Fdemptions unC reserves the me. hing Option provides the inns as regards mded scheme(s
scheme during useful to Unithe open ended
n period, if any in order to mey of a Redeme Redemptionffective, the Swue rules of thee redeemed o
Units will be and the proceeme.
h Stock Exchanted to note thaact through Mange of India Lte eligible invedian and Body per the guidel of the schemded by respectts in accordanc the Depositorrs should notenvestors for puransactions camay be issuedulations, 1996
OUGH "CHANN into an agreem
nancial instituaining loans. T it may specifyon of the band assumes no deem the pled that the lien e will have comr lien will be pabe sent to the
xisting or new I and such unitsealised by the the redemptiods subscriptionaction shall beccount Stateme For NRIs, the Fless requisite right to chan
nvestors the f minimum apps) / plan (s) og the New Fundt holders whod scheme(s) / y, of the units oeet their chang
mption of Un proceeds in
witch must com other scheme
or issued, Exit Switched out eds will be inve
nge Platform foat, in addition tMutual Fund
Limited (NSE) destors (i.e. Resiy corporate or sines issued bye using their tive stock exchce with the SEry Participant e that the saidrpose of tradinrried out on thd by the respe6 and circulars
NEL DISTRIBUTment with cert
ution, non-banThe AMC shall y in this regardk / financial in
responsibility tged units unti
/charge may mplete authoriaid to the cred Pledgee, unle
Investors makes shall not be a
e Fund. In caseon cheque wil
n has been clea reversed and ent evidencing
Fund may mark documents a
nge operationa
flexibility to swlication amou
or close endedd Offer period. o wish to alter plan(s) of the of the schemeged investmenits from the an open-endmply with the e (for e.g. as t / Entry Load, of the schemested in the sc
or Mutual Fun to the existing Service Syste during NFO. U
dent Individua such other clasy relevant stock existing netwohange. InvestoBI guidelines i
shall be consd stock exchanng in units of thhe above platfective stock ex / guidelines i
ORS” tain distributor
nking finance mark a lien ond. Disbursemenstitution / NB thereof. l the Pledgee
be removed. Dty to redeem s
dit of / re-invesss otherwise s
e subscriptionsavailable for ree a unit holdel not be dispatared. In case o the units allotg such cancellak a lien on theas specified inal guidelines f
witch their innt referred ab scheme offer r the allocatio Mutual Fund ((s) from where
nt needs. The S Scheme / Pled scheme /
Redemption ruo the minimum
lock-in period,e will be base
cheme at the O
ds: g modes for traem (MFSS) plnder this facilit
als, HUF, residess of eligible ink exchange) toork and order rs availing of t
ssued from timidered as finage platform(s)he scheme posform shall be xchanges and
issued there u
rs (with whom
company n receiving ent of such BFC or any
provides a During the
such Units. sted in the pecified in
s, the Fund edemption r redeems tched until
of dishonor ted earlier ation shall
e units and n SID are for lien on
vestments bove) from red by the
on of their (subject to e the units
Switch will an and a plan and ules of the m number , etc). The ed on the
Offer price
ansactions, atform of ty, trading ent minors nvestors as o purchase collection
this facility me to time al for such ) shall not st listing of subject to also SEBI nder from
m AMC also
has a tto tranother Distribaggregtheir vprocesThe Chenterekeepincase mnecessrequesinvesteof the and divcredit instrummay atransafacilitiedirectolosses investo ONLINFacilityMutuadeclareredemSEBI ashall bnote thany teAsset Mtime b OptionThe Mprocee(Targedate ocan beswitchthese s The Invspace maturthe de(Regulan invon theinconsschemdefaultmaturiany timmaturiunits tand cominim
tie up) referrednsact in units electronic meutor, as the ca
gate the detavarious investossing on daily bhannel Distribued into betweeng) as also the may be, to the sary documentst shall be liaed through thi Fund. The Redvidend payout
in the specifiement, as applialso approachction requestses offered by tors, employees arising out ors/distributor
E TRANSACTIOy of online traal Fund i.e. wed to be an “
mptions, switchnd as mention
be applicable fohat transactionrms & conditi
Management eing in force.
nal switch of reMutual Fund peds receivable et Scheme) of tof maturity, as e made during-in requests in
schemes, subje
vestor can cho in the applicatity switch. In cefault schemelar Plan- Growestor in the pae applicable Nistency in selee or Maturityt mode. Furthity switch to Pme during the ity of the schetill maturity ofonditions of bum number of
45 | P a g e
d to as "Chann of mutual funeans or throuase may be. Unils of transactors and forwa
basis as per theutor is requiredn the investor transaction do AMC / RTA as
ts are not furnable to be rejs mode, are bdemption procs, if any, are p
ed bank accoucable. It may b the AMC / s (financial / the AMC. The Ms and represen of or in cos through abov
ON ON THE WEBansactions is a
www.canararob “official point
es and other fned in the Schor applicationsns on the webons as stipulat
Company Limi
edemption proprovides the in on maturity
the Canara Ro may be specif the New Fund
n these schemect to applicab
oose to avail oftion form/ tra
case the Targete to be consid
wth Option or Darent scheme.Net Asset Valuction of option switch, payoer, investor shayout of redem tenure of the eme. To make f the scheme. oth the switchf Units that ma
nel Distributorsnds through vaugh Power ofnder such arrantions (viz. subard the same e cut-off timin
d to send copy & distributor tocuments / pros per agreed tished within thected. Normay way of direcceeds (subject aid by the AMC
unt of the inve be noted that Official Point( nonfinancial)
Mutual Fund, ttatives shall no
onnection witve mode.
BSITE: available on tbeco.com. Con of acceptanc
facilities .The eme Informat
s received on tsite shall be suted by Canarated (CRAMC) f
oceeds on matnvestors the f
of the Parent obeco Mutual fied by the invd Offer periodes will be effe
ble cut-off timin
f this facility bynsaction slip at Scheme is nodered for switDirect Plan- Gr The switch ou
ue (NAV) on tn viz, Payout out of redempt
hall also have amption procee scheme, not l the switch eff
The switch shh-out scheme ay be redeeme
s" who providearious modes f Attorney in ngement, the bscriptions/ re electronically gs applicable t of investors' KY to the RTA (onoof of transacttimelines. In cahe stipulated t
ally, the subsct credits to the to deduction C to the investoestor or throug investors inves(s) of Accepta) or avail of
the AMC, the Tot be liable forth the transa
he official wensequent to thce” for applica Uniform Cut-otion Documenthe website. Houbject to the e Robeco Mutu
from time to t
urity: flexibility to s Scheme to a
Fund availablevestor in the a or at any tim
ected based ong provisions.
y signing sepaand confirmingt mentioned utch would beowth Option) ut transaction the date of m
of redemption tion proceeds
an option to aeds by submittiater than 10 wfective, investoall be subject
and switch-in ed or issued, Lo
e the facility to such as their favor of the Channel Distriedemptions/sw to the AMC
to the relevantYC proof and ae time for centtion authorizatase KYC proof
timeline, the tcription proceee specified ban of tax at souror directly throgh issuance ofsting through ance directly the online t Trustee, along r any errors, daactions under
bsite of Canahis, the said ations for sub
off time as prets of respectiveowever, investeligibility of theual Fund/Canaime and any la
switch their reany of the Sche for subscriptipplication forme before matun the applicab
arately in the dg their intentiounder the switc
Canara Robe based on Plan will be proces
maturity. In ca proceeds on m shall be cons
alter his prefering a written r
working days por needs to ho to the applica scheme as re
oad etc.
o investors website / e Channel butors will
witches) of / RTA for t schemes. agreement tral record tion as the and other ransaction eds, when nk account rce, if any) ough direct f payment this mode
with their ransaction with their amages or rtaken by
ra Robeco website is bscriptions, escribed by e schemes ors should e investor, ra Robeco aw for the
edemption heme/Plan ion on the m (request urity). The ble NAV of
designated on to avail ch request, eco Liquid n opted by ssed based ase of any maturity of sidered as rence from request, at rior to the old all the able terms egards the
Foreign Complian
Cash Invesmutual fu
B. ONGOI Ongoing This is thewill openStock ExcNFO perioOngoing (purchaseschemes/investors.This is thpurchase/Ongoing /switch oof the MuThis is thredempti
Cut off redempti This is tapplicatio
Account nce
stments in nds
ING OFFER DET
Offer Period e date from wn for trading ohange after th
od. price fore)/switch-in /plans of the m. he price you n/switch-in. price for redouts (to otherutual Fund) by he price you ons/switch out
timing for ons/ switches
the time befoon (complete
Tax FATCA States effortsGovernagreemIndia ilikely tAnnexAMC/Mreportaand/o(throuholdinTax AupursuaIn ordemay ntraders22nd purchaFund , I. Comunder;Money II. Suredemonly th Note:
TAILS
hich the schemon the Nationhe closure of t
r subscriptio(from oth
mutual fund)
need to pay f
demption (salr schemes/pla investors. will receive fts.
subscription
ore which yo in all respect
is an acronym Federal law to to prevent ta
nment of Indment in substas now treated to be classifieure 1(i)) unde
Mutual Fund wable accounts r non-US statgh its agents ogs, investment
uthorities, as thant to the new er to enhance ot be tax payes/businessmen
May, 2014 ases/additiona per financial y
mpliance with P; the SEBI Circuy Laundering R
fficient systemptions, dividenhrough banking
Canara Robeco
me nal he
Being a Scheme reopen fo
on her by
for
Not appliof the ScHoweverScheme o
le) ns
for
Being a Scheme open forwould beHoweverExchangemade onstock on The minimis one UnNAV. Deasubject to
ns/
our ts)
After closredemptiIn case ofmaturity accepted
46 | P a g e
m for Foreigno increase comax evasion byia and the U
ance on the ter as having an
ed as a ‘Foreir the FATCA p
will be required and collect stus of its inve or service provt returns and/ohe case may b reporting regi the reach of mers and may nn/workers, SEB has permi
al purchases to year shall be al
Prevention of Mular(s)on Anti
Rules, Regulatio
ms and prond, etc. with reg channel.
o Mutual Fund
close-ended S during the Neor subscription
icable. Being cheme through, once the Un
on a continuou
close ended S during the Newr subscriptionse provided onlyr, subsequent e, buying or sn the Exchange the Exchange mum number nit. The Units’ alings by the Uo Exchange Ruse of NFO Perioion /switches, f switch-out pr in another sc
d upto 3.00 p.m
Account Tax mpliance by USy the US taxpaUnited States rms of an Inte IGA in effect fgn Financial rovisions. In a
d to undertakeuch informatioestors/Unit hoviders) as far aor to US Interne for the purpme under FATC
mutual fund pot have PAN/b
BI vide its circutted receipt
o the extent oflowed subject
Money Launde Money Laundons and Guide
cedures in pespect to afore
d does not acce
cheme, investew Fund Offer s after the clos
close ended Sch the Mutual Fnits are listed, us basis on the
Scheme, Investw Fund Offer Ps after the cloy on Maturity. to closure ofselling of Unite. Units can b at prevailing m of Units that c market prices
Unit holders / Iles and Regula
od, the Fund w and hence cutroposed for invcheme of the m. on the Matu
Compliance AS taxpayers anayers with off of America r- Governmentrom April 11, 2
Institution’ (Inaccordance wit due diligenceon/documenta
olders and disas may be leganal Revenue Seose of onwardCA. roducts amonbank accountsular dated 13t of cash tf Rs.50,000/- to:
ring Act,2002 ering (AML) alines; and
place. Howevementioned in
ept investmen
tors can subsc Period only asure of NFO.
heme, investound/AMC only an investor ca
e NSE.
tors can subscPeriod only andosure of NFO. f NFO and upts by Unit hole bought or s
market prices. can be bought may be at a
Investors on thations.
will not provide t-off timing provesting the red Fund, the swurity Date.
Act (“FATCA”),nd is intended fshore investm
(US) have retal Agreement
2014. The AMCnvestment Entth FATCA prov
e process and iary evidences sclose such inally permitted ervice (IRS) or d transmission
gst small invess, such as farmh September,
transactions per investor, p
and Rules frand other appli
ver, paymentnvestments sha
ts in cash at pr
cribe to the Unand the schem
rs can subscriby during the Nan buy/sell Un
cribe to the Und the Scheme w The redempti
pon listing ofders / Investoold like any o
or sold on the
premium/discohe Exchange w
facility for subovisions do notdemption proce
witch-out reque
, a United to bolster
ments. The eached an t (IGA) and C/Fund are tity as per isions, the
dentify US of the US nformation about the the Indian to the IRS
stors, who mers, small
2014 and for fresh
per Mutual
med there icable Anti
t towards all be paid
resent.
nits of the me will not
be to Units FO period. nits of the
nits of the will not re-ion facility
f Units on ors can be ther listed
e Exchange ount to its
will be also
bscription / t apply. eeds upon est will be
should racceptancWhere purchase/submitted
Minimumpurchase Fresh pur
Accounts
reach the offce. can the a/redemption d?
m amount /redemption. chases/switch
Statements
ficial points
pplications fswitches a
for addition es
of Dealings Rules & R
for are
The Unitsthe NFO pRedemptHoweverrequest inSwitch-ouMutual FAMC or O
nal Not applithe term(one) unfrom time For N
subscnumbto thelater tFund
Consolida As per thThe assestatemensucceedinthe montschemes has taken Provided consolidaissued, othe end oinvestors Provided commonfor the pu
Further, Novembeinvestmeform witha single cinvestmethe accouor after manner:
I. InvestoConsolidasent by calendar in whosConsolida(Septembholding athere hav *Consolidcontainin
47 | P a g e
by the Unit h Regulations ges will not be av period. tion/Switch-ou, once the Unn the prescribeut applicationsund on the Ma
Official Points oicable, as purc of the Schemit or such othe to time.
NFO period suription, AMC
ber of units alle investors’ re than 5 (five) b Offer Period.
ated Account S
e provisions ot managemen
nt for each cang month, detth including tr of all mutual fn place during
that the asated account son or before te of the six mont
in whose folio
further that investor acrosurposes of sen
SEBI vide ier 12, 2014, in
ents of an inveh Depositories, consolidated aents and holdinunt statements February 1, 2
ors who do notated account s
AMC/ RTA to month withine folios tranated account sber/ March), o
at the end of tve been no tra
dated accounng details relat
holders / Inveenerating the cvailable for sub
ut is not permits are listed, t
ed form to the s from the Scaturity Date ca
of Acceptance ohase/redempt
me. The listed her marketable
ubscriptions: O shall send alotted to the in
egistered emai business days
Statement (CA
f Regulation 3nt company shlendar month
tailing all the transaction cha funds, to all th that month:
sset managem statement eveenth day of suth, across all sc
os no transactio
the asset mss fund housesding consolida
its circular r order to enabestor in Mutua, has required account statemng demat accos for transactio2015 will be
t hold Demat A statement*, bo investors no 10th day of tsactions have
statement shalon or before 10 the six monthnsactions durin
t statement ting to all finan
estors on Exch concerned Stocbscription/swit
itted during th the Units can DP. heme to any an be made at of the R & T Agtion/switch-out units will have lots as presc
On acceptancellotment confnvestor by wayl address and
from the date
AS):
36(4) of SEBI (Mhall ensure tha is issued, on
transactions anrges paid to t
he investors in
ment companery half yearly ucceeding monchemes of all mon has taken p
management s by their perm
ated account st
ref. no.CIR/Mble a single conal Fund and s Depositories t
ment for investounts. In view oons in units of t dispatched to
Account ased on PAN
ot holding dehe succeedinge taken placl be sent by AM
0th day of succh, to all such ing that period
sent by AMncial transactio
ange will be ck Exchange. ch-in after the
he term of the be sold by ma
other schemet the Sales Offgent. t is not permitte to be sold icribed by the
e of the appliirmation specy of email and/or mobile nue of closure o
Mutual Funds)at consolidate or before tennd holding at the distributor, whose folios t
y shall ensur (September/ nth, detailing mutual funds, place during th
company shamanent accountatement.
MRD/DP/31/20nsolidated viewsecurities held o generate antors having mu
of the said req the Fund by ino investors in
of the holdersemat account,g month to thee during thaMC/RTA every ceeding monthnvestors in wh.
C/RTA is a ons made by a
subject to
closure of
e Scheme. aking such
e(s) of the ices of the
ted during n lots of 1
Exchange,
ication for cifying the d/or SMS’s umber not f the New
Act 1996, ed account nth day of the end of , across all ransaction
re that a March) is
holding at to all such at period:
all identify nt number
014 dated w of all the in demat d dispatch utual fund
quirements vestors on following
s, shall be for each
e investors at month. half yearly h, detailing hose folios
statement an investor
across alldividend plan, syspaid to th II. InvestoConsolidasent by Dmonth wfolios traaccount (Septembholding aand dem In case ofand in mterms of **Consolcontaininacross alldividend plan, syspaid to tdemat ac FollowingCAS sent a. Investothe CAS, holders, monthly month. Sprovided b. The provisionverificatio c. In theholder, t(AMC/RTcommonthe basisequencemutual fu d. Investshall not folio(s)/d e. For Unthe CAS w f. The Unto/callingholders, holders w
48 | P a g e
l mutual funds reinvestment,stematic transfhe distributor)
ors who hold Dated account s
Depositories towithin 10th dayansactions ha statement shber/March), o
at the end of tat accounts th
f demat accoumutual fund fol regulations ap
idated accounng details relatl mutual funds reinvestment,stematic transfhe distributor)ccounts of the
g provisions sh through depo
ors are reques AMC shall hen pursuant to a statement wiSuch statemen in the folio.
statement senal and is subon of documen
e event the fohe first named
TA or Depositor investors acrois of PAN. Ce/order of inunds / demat a
ors whose fol receive CAS. Indemat account
nit Holders wh will be sent by
nit Holder mayg the AMC/RTA the AMC/RTAwithin 5 busine
s viz. purchase,, systematic infer plan, bonu and holding a
Demat Accoun statement**, b
investors holdy of the succeeve taken plachall be sent n or before 10
the six monthere have been
nts with nil balios, the depos
pplicable to the
nt statement ting to all finans viz. purchase,, systematic infer plan, bonu) and transacti investors and h
hall be applicabsitories:
sted to note thnceforth issue many financial ill be sent onnts shall be se
nt within thebject to realisants, including t
olio/demat accd Unit holder/ry). For the puross mutual funConsolidation vestors in va
accounts acros
io(s)/demat anvestors are tht(s) are update
ho have provid e-mail.
request for a A. In case of a A shall provideess days from t
, redemption, vestment plan
us etc. (includt the end of th
t based on PAN ding demat aceding month toce during tha by Depositoth day of succ
h, to all such i no transactio
alance and no tsitory shall sene depositories.
sent by Deponcial transactio, redemption, vestment plan
us etc. (includion in demate
holding at the
ble to CAS sent
hat for folios w monthly accou transaction dn or before teent in physica
e time frameation of paym
he application
count has mo/Account holdrpose of CAS (Ands/depositori shall be baarious folios/dss depository p
account(s) are herefore requeed with PAN.
ded an e-mail
physical accou specific requese the accounthe receipt of s
switch, dividenn, systematic wing transactioe month.
of the holdercount, for eacho the investorsat month. Coories every heeding monthnvestors in whns during that
transactions innd account sta
ositories is a ons made by a switch, dividenn, systematic wing transactiorialised securit end of the mo
t through AMC
which are not iunt statement tone in such fenth day of sl form if no e
e mentioned ment instrumen form, by the R
ore than one er shall receivAMC/RTA or Dees shall be ide
ased on the demat accounarticipants.
not updated ested to ensure
address in KY
unt statement st received frot statement touch request.
nd payout, withdrawal on charges
s, shall be h calendar s in whose nsolidated alf yearly , detailing
hose folios period.
n securities atement in
statement an investor nd payout, withdrawal on charges ties across
onth.
C/ RTA and
ncluded in to the unit folios; the succeeding email id is
above is nt and/or
RTA/AMC.
registered ve the CAS epository), entified on common nts across
with PAN e that their
YC records,
by writing m the unit o the unit
g. Accouncomputethe Schebalance o h. Non-trwithin 5 Certificat i. Units hare non-transferatime to ti Annual A The
holtheshathe
Thealo
Alternateinvestors Half Year A con
at the10th dno tramail/
The hthe Uunless
Unit holddocumenexperiencdocumenFund to mUnit holdinterceptknown to Further, aCAS issue1st Octobe The a
distribconcer‘commpaymeetc. bcommserviceexpen
The sc
half-yeboth)
49 | P a g e
nt Statements r printed state
emes during t of Units for the
ransferable Un Business Dayses will not be i
held, either in -transferable. ble at a later ime.
Account Stateme Mutual Fundders who have date of gener
all reflect the la date of gener
e account stateng with the Po
ely, soft copy ’ e-mail addres
rly Consolidatesolidated acco
e end of every day of succeedansaction hasemail. alf yearly cons
Unit holders ws a specific req
ders who receivnts after receivce any diffic
nts, the Unit h make the delivder is aware ion of the doc
o third parties.
as per the proed for the half-er, 2016):
amount of acbutors (in absorned investor’
mission’ here ents made in t
by AMCs/MFs mission and doe
e tax (wherenses, etc.)
cheme’s averagear period for where the con
shall not be cements indicatthe current fi
e information o
it Certificates ws of the receip issued for any f
the form of A The Trustee r date subject t
ment: ds shall provide not transactation of accouatest closing bation of the acements in suchortfolio Statem of the accounss, instead of p
ed Account Staount statemeny six months (ding month, to taken place
solidated accouwhose e-mail
uest is made t
ve account staving e-mail froculty in accolder shall pro
very through a of all securitycuments and
ovisions of SEB-year shall also
ctual commissolute terms) du’s total investrefers to all dthe form of gif
to distributorses not excludever applicable
ge Total Expen each scheme’cerned investo
onstrued as prting the detainancial year
of the Unit Hol
will be sent, if pt of a request fractional Unit
Account Statemeserves the ri
to SEBI (MF) R
de the Accounted during the nt statements
balance and vaccount statemeh cases may bent or Annual
nt statements physical statem
atement: t detailing hoi.e. Septembeo all such Unit during that p
unt statement address is reg
o receive in ph
atements by e-om the Fund. essing the eomptly advise
alternate meany risks includi
contents of th
BI circular dateo provide the fo
sion paid by uring the half-tments in eadirect monetafts / rewards, ts. The commie costs incurrede, as per exi
nse Ratio (in pe’s applicable pr has actually i
roof of title anls of transacti
and giving thder.
an applicant st for the certifts entitlement.
ment or Unit Ceight to make
Regulations iss
t Statement to last six month. The Account S
alue of the Unient, be generated a Report of the S shall be mail
ment, if so man
lding across ar/ March), on
t holders in whperiod shall b
will be sent bygistered with hysical.
-mail may dow Should the Uelectronically the Fund to ens. It is deemeng possible t
he documents
ed 20th Septemollowing(applic
AMCs/Mutualf-year period aach scheme. (ary payments trips, event spoission disclosedd by distributoisting rates),
ercentage termplan (regular o invested in.
nd are only ons under he closing
so desires, icate. Unit
ertificates, the Units sued from
o the unit hs prior to Statement its prior to
and issued Scheme. led to the
ndated.
ll schemes or before
hose folios be sent by
y e-mail to the Fund,
wnload the Unit holder delivered enable the ed that the hird party becoming
mber, 2016 cable from
l Fund to against the (The term and other onsorships d is gross
ors such as operating
ms) for the or direct or
Dividend
Redempt
Delay in repurchas
ion
payment ofse proceeds
f redemption
Such
investocommthe co
The dividdays of thNo redemof the scthrough units in beneficiascheme bbe fully rbe paid odocumen
Switch-outheir redeany of thFund avaby the inNew Funrequests these sch The Invesdesignatetheir intementionefor switchDirect Plparent scapplicablinconsistematurity shall be option toproceedsthe schemscheme. till matuterms anas regardLoad etc.
/ The Assetholders a(presentl Investmeschemes
PursuantFebruary dividend Redemptwith thedividend (“CRMF”
The saidinvestorscharged
50 | P a g e
half-yearly CAors who do no
mission against oncerned half-ydend warrants he date of declmption/repurccheme. Investo stock exchang electronic froary account(s) by selling their redeemed on t out within 10 nts and details.
ut - The Mutuaemption procehe Scheme/Plaailable for subsnvestor in the nd Offer perio in these schemhemes, subject
stor can choosed space in thention to avaied under the sh would be Caan- Growth Ocheme. The swe Net Asset Vency in selecti of scheme o considered as o alter his prefes by submittingme, not later To make the srity of the schd conditions o
ds the minimum t Managemen
at such rate as y @ 15% per a
ent of unclaim of the CRMF:
t to SEBI circu 25, 2016 iss amounts”, thtion & Dividen limited purp amounts of ).
d Plan will /Unit Holders
on the plan an
S shall be issot have any h their investme
year period. shall be displaration of the hase of units s
ors wishing to ges. Unit Holdom or where can demateria units through
the date of ma business days.
al Fund provideeeds receivablean (Target Sch
scription on the application fod or at any tmes will be eff to applicable
se to avail of thhe application l maturity swi
switch request,nara Robeco Lption) based
witch out transalue (NAV) onon of option vr Maturity sw default modeerence from mg a written req than 10 work switch effectivheme. The swiof both the swm number of U
t Company sh may be specifiannum).
med redempt
ular no. SEBI/ued on “Treate new plan vi
nd Plan – Direcpose of deploy the schemes
not be ava of the schemnd the total ex
sued to all involdings in MF
ent has been pa
atched to the dividend.
shall be allow exit may do
ders who do n the units aralize their hol the stock exchaturity and red, subject to av
es the investore on maturity oheme) of the e date of matu
orm (request ctime before mfected based o cut-off timing
his facility by s form/ transacitch. In case th, the default s
Liquid (Regular on Plan optedaction will be
n the date of viz, Payout of ritch, payout o
e. Further, inveaturity switch t
quest, at any tiking days priore, investor netch shall be sitch-out schem
Units that may
all be liable toied by SEBI for
tion and divi
/HO/IMD/DF2/tment of unclz. Canara Rob
ct Growth Optiying the uncl
of the Canar
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ENALTIES, PENHICH ACTION
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R INVESTIGATN BY ANY REG
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(Mutual
Canara Robeco Asset Management Company Ltd.
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Bunts Hostel Circle, Mangalore - 575 003. Tel: (0824) 2448804, Telefax: (0824) 2445565, E-mail: [email protected], MUMBAI: Construction House, 4th Floor,
5, Walchand Hirachand Marg, Mumbai - 400 001. Tel: (022) 66585000-18, 66585085, Fax: (022) 66585012/13, E-mail: [email protected], PATNA: 1st Floor,
Harshwardhan Arcade, Frazer Road, Dak Banglow Crossing, Patna - 800 001, Tel: (061) 23223911, E-mail: [email protected], PUNE: 101, 1st Floor, Business Guild, Law
College Road, Erandwane, Pune-411004, Tel: (020) 30923820, Fax: (020) 25661454, E-mail: [email protected], SURAT: M-8/9, Jolly Plaza, Athwagate, Surat - 395
001. Tel: (0261) 6554243, E-mail: [email protected]