Canara Robeco Mutual Fund, a Joint Venture between Canara Bank and Robeco Group has announced the launch of Canara Robeco Dynamic Bond Fund, which is an open-ended debt Fund.  

The Fund aims to seek and generate income from a portfolio of debt and money market securities.  

The company will offer two plans like retail and institutional plan with growth, growth option will have automatic repurchase option. While, dividend option will further offers dividend payout and dividend reinvestment facility.  

The minimum investment amount under retail plan will be Rs 5000 and in multiples of Re 1 subsequently. While, under institutional plan it will be Rs 1 crore and in multiples of Re 1 thereafter.  

The investors should happy to know that, the scheme will not charge any entry load. The scheme seeks to collect a minimum corpus of Rs 10 crore during NFO period.

The new issue will be open for subscription from 4 May to 20 May 2009.