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Indian investors who own diversified equity funds have large default exposure to banks and IT – the two index bellweathers – but very little to the manufacturing sector – which is the big theme of this decade. He says the launch of the CR Manufacturing Fund is a great opportunity for distributors to correct this imbalance in their client portfolios.
An auto-switch facility to move money from debt into the NFO on its last day as well as a smart STP to help stagger investments into the NFO should help distributors optimize allocations for their clients by addressing couple of their key issues with NFO investing.
Multi-lingual marketing collaterals and Hindi webinars in addition to English ones are enabling more effective communication with distributors and investors, to maximize reach for this new fund offer.
Canara Robeco has seen healthy AuM growth in FY24, with 5 of its equity funds now coming to scale – 4 crossed the Rs.10,000 cr mark and 1has crossed the Rs.20,000 cr mark.
FY25 will see the AMC fill key gaps in its product suite in the hybrids space – expect the fund house to participate in the BAF and MAAF segments next year.
Smart STP for an NFO is a novel idea. A good fund house across the spectrum including hybrids bouncing back.
