Canbank Mutual Fund has launched an open-ended Index Fund called CanIndex, which will track the S&P CNX Nifty. The IPO will be open from 17th September to 27th September. The scheme will reopen for continuous sale and repurchase from October 7, 2004. The Minimum Investment amount will be Rs 5,000 and thereafter in multiples of Re 1. The fund will be available for investment in two options – a Growth option and a Dividend Option.
There will be no entry load on investments during the IPO period. However, an exit load of 1 per cent would be levied on all redemption requests made within 180 days of investment through the IPO, where the investment is not more than Rs 10 lakh. Once open for continuous sale and repurchase, an entry load of 1 per cent would be levied on investments upto Rs 10 lakhs but the exit load would be waived.
The scheme would invest 90-100 per cent of the corpus in equities covered by the Nifty in the same percentage weightage as in the Nifty (including exchange-traded equity derivatives on the S&P CNX Nifty). The remainder of the corpus would be invested in Money Market instruments.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
