Canara bank mutual funds officially made their debut in December 1987. Currently Canara mutualfunds which are offered by this leading public sector bank are a result of the tie up of Canara bank with HDFC AMC and Canara Robeco. Canara mutual funds which are also available by the name Canara Robeco mutual fund are the Canarabank mutual funds which are sponsored by Canara Robeco Asset management Company Limited (CRAMC). CRAMC which manages the extensive Canara mutual funds portfolio is a joint venture between the canara bank and Netherlands based Robeco group which manages an asset worth $180 billion across the globe. To learn more about Canara mutual fund schemes, what are the different offers available under the umbrella of Canara bank mutual funds, which Canara mutualfunds are available through HDFC AMC etc read on this section of moneysuperbazaar.com

Different types of Canarabank mutual funds

Canara bank mutual funds are one of the oldest funds available in the market. Canara mutual funds were initially known as Canbank mutual funds or Canara mutual fund. But after the merger with the Robeco group in 2007 now one can purchase Canarabank mutual funds by the name of Canara Robeco mutual funds. Canara mutual funds are certainly one of the fastest growing funds in the country. 94% growth was seen in Canara bank mutual funds in last one year. There are 20 different Canara mutual fund schemes which are currently active.

Canarabank mutual funds have large number of offerings to suit the palates of different investors. The different types of Canara mutualfunds include thematic and diversified equity Canara bank mutual funds scheme, monthly and hybrid Canara mutual funds, debt Canara mutual funds and other treasury Canarabank mutual funds products.

Canara mutual fund plans available from CRAMC include open as well as close ended debt and equity Canara mutualfunds schemes, tax saving type of Canara mutual fund, cash management or marginal equity schemes, gilt canara bank mutual funds etc. On other hand HDFC AMC offers only open ended type of Canara mutualfunds schemes which include growth or balanced schemes, monthly income plans and equity linked/index linked savings.

Using this information from moneysuperbazaar.com you can now select a profitable scheme based on your budget and liking.