Canara Robeco’s new balanced advantage fund: A smart way to weather market volatility

Bhubaneswar: Canara Robeco Mutual Fund, India’s second-oldest asset manager, has introduced the Canara Robeco Balanced Advantage Fund, an innovative solution designed to help investors navigate market highs and lows. The New Fund Offer (NFO) will be open from July 12 to July 26, 2024, providing a timely opportunity for investors to secure their financial future.
This fund aims to allocate at least 65% to equities, ensuring equity taxation benefits while the rest is invested in debt and money market instruments. This balanced approach helps mitigate the impact of market volatility on investors’ portfolios. Comenting on the same the company CEO Rajnish Narula, said, “Our Balanced Advantage Fund is designed to dynamically to adjust its equity and debt exposure, making it suitable for long-term capital appreciation and income generation”. The fund uses a proprietary three-factor model—Trailing P/B, Equity Risk Premium, and Forward P/E—tested over 20 years to guide its asset allocation, effectively eliminating investor biases.