Canara’s new scheme: start from 1000 rupees, money will double at the earliest, the last date of May 7

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If you want to achieve many life goals by converting small amount into big amount then you have a good chance. Canara Robeco Focused Equity Fund is open for investment. The last date to invest money in this is 7 May.

In life, everyone wants to earn money quickly. But few people can fulfill this dream. Experts tell that if all the work of the future can be completed by securing big returns on small savings. This helps mutual funds. We are giving information about one such scheme. Canara Robeco Focused Equity Fund is open for investment. The last date to invest money in it is 7 May.

Know about Canara Robeco Focused Equity Fund

This is an NFO ie New Fund Offer. If you put it simply, it is a new scheme. Anyone can invest in it. The money invested in this scheme is invested in the stock market and bond market. Mutual fund companies issue ‘new fund offers’ to deposit funds. Units are given to those who invest in mutual funds. You can invest all the money in one go or you can also invest through SIP. SIP means that you invest a fixed amount in a mutual fund every month or in a fixed time.

This is an open ended scheme. If you say it in easy language, you can invest in these schemes whenever you want. Investors can opt out of these funds at any time. The net asset value (NAV) of these funds is fixed daily and the fund is traded on the basis of this rate.

This NFO can be started with an amount of Rs 5000. At the same time, a SIP of Rs 1000 can start.

Where to invest Canara Robeco Focused Equity Fund

In a statement issued by the funds, it has been said that these funds will invest in the shares of 30 top companies (largecap, midcap and smallcap).

This fund is for investors who want to get big returns as soon as possible. In this, shares with good research will be included in the portfolio. This fund is open till 7 May.

How to invest?

Investors can invest in mutual funds directly from the website. If you want to invest directly, then you have to go to the website of that mutual fund. You can also go to his office with your documents.
The advantage of investing in a direct plan is that you do not have to pay commission. Hence, your returns are greatly increased in long-term investment.

If you wish, you can also use the service of a mutual fund adviser. If you invest directly, you can invest in the direct plan of the mutual fund scheme. If you are investing with the help of an advisor, then you invest in a regular plan.

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Bhagyashree Soni
Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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