Canbank Mutual Fund

Canara Bank made its foray into the mutual fund sector by establishing the mutual fund arm Canbank Mutual Fund in December, 1987. Canara Bank, one of the largest public sector banks in the country, is also the sponsor of the fund.

Canbank Investment Management Services Limited, a wholly owned subsidiary of the bank, functions as the AMC to the fund. The operations of the AMC are headed by N R Ramanujam, managing director. As of Aug 2006, the fund has assets of over Rs.3,246 crore under management.

Here is a list of mutual funds of Canara Bank which includes Open Ended Growth Schemes, Open Ended Balanced Schemes, Open Ended Income Schemes, Open Ended Gilt Scheme, Close Ended Glit Scheme and Schemes Taken Over From Gic Mutual Fund.