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About Canara Robeco Asset Management Company Ltd Canara Robeco Asset Management Company Limited, established in 1993, is the second-oldest asset management company (AMC) in India. Originally incorporated as Canbank Investment Management Services Limited, it operated as a subsidiary of Canara Bank, managing the assets of Canbank Mutual Fund. In 2007, the company became a joint venture between Canara Bank (51% ownership) and ORIX Corporation Europe N.V.'s investment arm Robeco (49% ownership) and was renamed Canara Robeco Asset Management Company Limited.
The company specializes in managing mutual funds and offering investment advisory services with a focus on Indian equities. As of December 31, 2024, Canara Robeco managed 25 mutual fund schemes—12 equity funds, 10 debt funds, and 3 hybrid funds—with a quarterly average assets under management (AUM) of ₹1,083.66 billion. The proportion of equity-oriented AUM to total AUM has grown significantly, increasing from 86.16% in March 2022 to 91.66% in March 2024, reflecting its strategic focus on equity investments.
Targeting potential capital market growth, Canara Robeco has filed a draft prospectus for its upcoming IPO, offering 49,854,357 equity shares at ₹10 per share through an offer for sale. This IPO will allow public participation, providing market visibility to the well-established and performance-driven AMC.
With decades of experience and a joint venture structure that combines the strengths of Canara Bank and Robeco's global expertise, Canara Robeco is a well-regarded player in the Indian mutual fund industry, positioning itself as a growth-oriented, equity-focused AMC.