Mumbai, Maharashtra, 26th of February, 2026 : Canara Robeco Mutual Fund, India’s second-oldest asset management company, has announced the launch of the ‘Canara Robeco Banking & Financial Services Fund’, offering investors a focused sectoral opportunity. The open-ended equity scheme aims to generate long-term wealth by investing predominantly in companies operating within the banking and financial services space.
The New Fund Offer (NFO) will open for subscription on February 27, 2026, and close on March 13, 2026. The scheme will be benchmarked against the Nifty Financial Services Index, with a minimum investment amount of ₹5,000. Rajnish Narula, Managing Director & Chief Executive Officer of Canara Robeco Asset Management Company Limited, said, “Banking and financial services are the engines of India’s economy. With this new fund offer, we are providing investors an opportunity to directly participate in this growth momentum.”
Shridatta Bhandwaldar, Chief Investment Officer – Equity, added, “The fund aims to build a balanced portfolio focused on growth and value/profit pool migration, seeking to capture steady compounding return opportunities across the financial ecosystem.”
The scheme will invest a minimum of 80% of its total assets in equity and equity-related instruments of banking and financial services companies. However, investors should be mindful of sectoral concentration risks and equity market volatility before making investment decisions.
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