Canara JV co launches InDiGo fund

The objective of this fund is to generate income from a portfolio constituted of debt and money market securities along with investments in Gold ETFs. The New Fund Offer (NFO) is open for subscription from today and would close on June ten, the bank said in a statement.
The scheme would invest a minimum of 65 per cent and a maximum of 90 per cent in Indian debt and money market instruments, a minimum of 10 per cent and a maximum of 35 per cent in Gold ETFs.

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