Canara Robeco Mutual Fund launches new fund offer of Value Fund

Value investing in coming back on investors’ radar and the mutual funds are also warming up to the idea of offering value focused portfolios. Canara Robeco Asset Management Company announces the launch of their new fund offer (NFO) of Canara Robeco Value Fund (CRV). The NFO closes on August 27, 2021 and it re-opens for ongoing investment from September 6, 2021.

The scheme’s performance will be benchmarked against S&P BSE 500 TRI. Vishal Mishra, Fund Manager – Equities, Canara Robeco Mutual Fund will be managing the CRV. CRV will follow a value investment strategy, to invest in businesses that are trading at a price less than their intrinsic values and are expected to realise their true worth in the future.

Nimesh Chandan, Head, Investment, Equities, Canara Robeco Mutual Fund said, “Value investing is not about buying the cheapest companies on quantitative parameters such as price to earnings. Value investing is a broader philosophy that involves buying company at a price that is lower than its intrinsic value”.

Value funds on an average gave 58% returns in last one year ended August 18, 2021, as per Value Research. Flexicap schemes gave 51.29% returns over same period. Investors can look at value funds as a part of their core portfolio.