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Canara Robeco Mutual Funds: An Overview

Investment is essential for a safe and secure future because it is no longer an option but a need nowadays. It is the most effective financial tool to pile a sizeable wad of money over a set period of time. Undoubtedly, the form of investment you choose will significantly impact how much your amassed assets have appreciated over time. You must select the appropriate investing tool after doing your research, and one such excellent investment tool is Canara Robeco Mutual Fund.

In addition to offshore funds, Canara Bank offers a large selection of domestic mutual fund schemes in the debt, equity, and hybrid categories. With the expertise of well-known faces as significant investors, the goal is to outperform the benchmark. If you are looking forward to pinning your hopes in Canara Mutual Funds, here’s everything you must know about the Canara Robeco emerging equities, process, and top mutual funds. This informative blog aims to assist you in building a stable financial foundation.

Types of Canara Bank Mutual Funds

To meet diverse customer requirements, Canara Bank offers three types of mutual funds comprising- Equity Funds, Debt Funds and Hybrid Funds.

Canara Robeco Equity Funds

Equity Funds are mutual funds that invest a significant amount of their assets in stock. Canara Robeco, one of the financial instruments that could provide you with strong inflation-beating returns, offers diversified and themed equity schemes which skilled professional portfolio managers manage. These funds may be handled actively or passively. On the basis of their investment mission, equity funds can be divided into different categories. The following are a few of Canara Robeco AMC's top equities funds:

Canara Robeco Debt Funds

Debt Funds make investments in a variety of debt and associated products. A variety of debt along with treasury bill instruments are available from Canara Robeco. Debt Funds primarily derive their returns from two sources: first, the income they receive on the money they invest in different debt instruments, and second, capital gains through trading, purchasing or selling out the debt securities across the secondary market. The following are a few of Canara Robeco's top debt funds: 

Canara Robeco Hybrid Funds

Mutual fund company Canara Robeco's hybrid schemes include investments in gold, debt, and other assets. This category includes two hybrid mutual fund schemes, i.e. Canara Robeco Equity Hybrid Fund and Canara Robeco Conservative Hybrid Fund

How Can You Invest in Canara Bank Mutual Funds?

The financial industry has significantly benefited from the introduction of technology, making Canara Robeco mutual fund investment simpler than ever before. You can easily invest in Canara Bank mutual funds from the comfort of your home by following the step-by-step instructions below:

• Go to the official Canara Robeco Mutual Fund portal. 
• Select the ‘Invest Online’ tab on the portal's right half.
• If you are a newbie and investing for the first time, click on the ‘First-Time Investor’ option. 
• Check your KYC compliance by filling up the basic details.
• Now provide your contact details within the said text area. This helps to determine the applicant's authenticity.
• Once you are done with this, choose the type of fund you are willing to move forward with along with the investment scheme. 
• Now add the nominee's name and link your bank account with the mutual fund account. 
• Provide the Foreign Account Tax Compliance Act (FATCA) information and confirm your fund selection.
• Mention the amount you want to invest in the mutual fund and confirm the fund purchase.

Essential Documents for Investing in Canara Robeco  Mutual Fund

You will need to provide the following documents to move forward with your mutual fund investment.

Documents associated with Identity

• PAN Card (is a must)
• Voter Card/ Aadhaar Card
• Driving Licence
• Passport
• Other Government-issued ID card      

Documents associated with Residence

• Voter Card/ Aadhaar Card/ Ration Card
• Driving Licence
• Passport
• Bank Passbook
• Utility bills for example- telephone, electricity, gas bills

Even if these are a few of the essential documents, presenting them all can delay your investment strategy because it is a time-consuming process. Here, Urban Money provides you with a quick, paperless option.

Uploading the scanned copies of identity and residential proofs will allow you to complete your KYC in less than two minutes. This includes your signature, a photograph, a live video, a PAN, and any government-issued proof, including Aadhaar Card, Voter ID Card, Driving Licence, and Passport. The simple KYC application from Urban Money makes investing simple and hassle-free.

Your KYC is validated within 3-5 working days because Government-approved organisations do it.