Prajna Capital - An Investment Guide

There is reason to believe that Canara Robeco can shake off its dreary past. Though around for 20 years, Canbank Mutual Fund failed to capitalise on its early mover advantage. Now, with a new name, partner and management team, it is attempting to establish itself as a major player. Last year, Robeco took a 49 per cent stake in the AMC. Robeco is the fund management arm of the Dutch co-operative bank Rabobank. As a result, Canbank Mutual Fund was rechristened Canara Robeco. It's not just a superficial change in name but a serious attempt to clean up up its act. A Voluntary Retirement Scheme (VRS) was introduced and now there is some fresh blood in. The new outfit appointed Rajnish Narula as CEO and MD (ex-DBS Chola), Ritesh Jain as head of fixed income (ex-Kotak Mutual Fund) and Anand Shah as head of equity (ex-ICICI Prudential Mutual Fund). Though the rebranding exercise currently underway will help in recall, the fund house will have to make its mark on the performance front. Its ...