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Canganga, Cantriple merged with Canpremium


Canbank Mutual fund has merged Canganga and Cantriple schemes with Canpremium scheme, an open-ended scheme. Post-merger, the name of Canpremium would be changed to CanBalance scheme. CanBalance would have a slightly different asset allocation. While the fund would invest 0 to 60 per cent of the assets in equity and equity related instruments, it could also invest 0 to 60 per cent into debt and money market instruments.