Fund News

CanIndex collects over Rs 50 crore

Last updated: 14-Nov-2022•Value Research

Canbank Mutual Fund's index fund, CanIndex, has collected more than Rs 50 crore during its IPO that

Canbank Mutual Fund's index fund, CanIndex, has collected more than Rs 50 crore during its IPO that began on September 17. Informing this, Canbank MF managing director N.R. Ramanujan said the scheme would invest up to 100 per cent of the corpus in the stocks figuring in the National Stock Exchange's S&P CNX Nifty index. The scheme has provision to invest up to 10 per cent of the corpus in money market instruments.

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