Canara Robeco Asset Management

Canara Robeco Asset Management Company was incorporated on March 2, 1993. The company is India’s second oldest asset management company, managing mutual funds and advising Robeco HK. Its equity schemes focus on strong management and growth, while debt schemes prioritize safety, liquidity, and risk-adjusted returns Canara Robeco Asset Management Company Limited was incorporated as "Canbank Investment Management Services Limited", pursuant to a certificate of incorporation dated March 2, 1993 and received a certificate for commencement of business dated May 10, 1993 from the Registrar of Companies, Maharashtra. Subsequently, Company name was changed from `Canbank Investment Management Services Limited' to `Canara Robeco Asset Management Company Limited' consequent to which a fresh certificate of incorporation was issued by the RoC dated October 10, 2007. Canara Robeco Asset Management Company is India's second oldest asset management company (AMC), and was incorporated in 1993 with the main object to manage the assets of Canbank Mutual Fund, with the entire equity share capital held by Canara Bank. In 2007, the Company became Canara Robeco Asset Management Company Limited, a joint venture, when Canara Bank entered into an agreement with ORIX Corporation Europe N.V., whereby Robeco acquired a 49% stake in the Company while the remaining 51% was retained by Canara Bank. Canara Robeco is presently an asset management company and its primary activities include managing mutual funds and providing investment advice on Indian equities. As of December 31, 2024, Company managed 25 schemes comprising 12 equity schemes, 10 debt schemes and 3 hybrid schemes with a quarterly average AUM of Rs 1,083.66 billion. The share of equity-oriented QAAUM to total QAAUM has increased from 86.16% as of March 31, 2022 to 91.66% March 31, 2024. The Company has filed a Draft Prospectus and is planning to launch an IPO of 49,854,357 equity shares of Rs 10/- each thru' offer for sale.