Download Addendum - Canara Robeco

PRESS – RELEASE
ADDENDUM
This Addendum is dated 30.12.2004 and sets out changes that have taken place from the date of
issuance of last Addendum on various aspects of working of the Fund.
(1) Sri. P. V. Maiya, has ceased to be the Chairman, Board of Trustees, Canbank Mutual Fund
w.e.f. 22.06.2004 upon his resignation.
(2) Sri H. N. Sinor has been inducted as Chairman on the Board of Canbank Mutual Fund w.e.f
23.08.2004
Name
Current Directorships
SHRI H. N. SINOR
764 – F, Sarosh Court, Tilak Road,
Dadar, Mumbai 400 014
Chairman :
ICICI Infotech Ltd.
Director :
1. ICICI Lombard General
Insurance Co. Ltd.
2. National Commodity and
Derivatives Exchange Ltd.
3. Themis Healthcare Ltd.
4. CRISIL Ltd.
(3) The following key personnel joined Canbank Investment Management Services Ltd. on
15.10.2004 and he is on deputation from Canara Bank (Sponsor).
Shri. S. Santhanam
Asst. General Manager
51
B.Sc., CAIIB
32 years : 22 years in Commercial
Banking and 10 years in Investment
Banking
(4) The following changes have been effected in Fund Management consequent to the merger of
Canbonus, Canglobal and Canpep95 Schemes with CanEquity Diversified Scheme, effective
from 30.12.2004.
Shri. U. P. Bhat M. Com., LLB, CAIIB
Experience : Nine years experience in Commercial Banking & nearly 14 years experience in Fund
Management and Operations.
Fund Manager for Canpremium, Canequity Tax Saver, Canequity Diversified Schemes.
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Shr J. Venkatesan, M. Com., I. C.W.A, CAIIB,
Experience : Seven years experience in Commercial Banking & nearly 13 years experience in
Primary Market / Debt market / Money Market / Equity Market Operations and Fund Management.
Fund Manager for Cantriple, Cancigo, CanIndex, Canganga and Canexpo Schemes
The AMC will have the discretion to change the Fund Manager depending on the operational
requirement
(5) Change of address
Shri B. Ramani Raj, (Trustee, Canbank
Mutual Fund)
Chief
General
Manager
(Retd.),
Department of Government & Bank
Accounts, Reserve Bank of India ,Central
Office, Mumbai.
Dr. Jauhari Lal Gupta, (Director, Canbank
Investment Management Services Ltd.)
G 27, Sai Vihar Residency, Sus Road, Pashan,
Pune 411 021
Vice Chancellor’s Bungalow, G. G. University
Campus, Koni, Bilaspur, Chhattisgarh 495 009
(6) Canbank Mutual Fund has revised the load structure in respect of the following schemes :
Category
Equity
CanEquity Diversified
Canexpo
CanEquity Tax Saver
Canpremium
Canganga
Cantriple
Entry Load
%
2.25
Nil
2.25
Nil
2.00
Nil
2.00
2.00
2.00
Limit
For Investments less than Rs. 200 Lacs
Rs. 200 Lacs and above
For Investments less than Rs. 200 Lacs
Rs. 200 Lacs and above
For Investments less than Rs. 200 Lacs
Rs. 200 Lacs and above
Exit Load
%
Nil
Nil
Nil
Nil
Nil
Nil
0.25, Upto 6 mths
0.25, Upto 6 mths
0.25, Upto 6 mths
The revision in load is effective from 01.01.2005. This forms as an integral part of offer document of the
respective schemes.
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NOTICE
(7)
SEBI (Central Database of Market Participants) Regulations 2003 :
SEBI vide its Circular No. MRD/DOP/MAPIN/CIR-26/2004 dated 16.08.2004 and
MAPIN/CIR-37/2004 dated 27.10.2004 has made it mandatory for the following class of
investors to obtain Unique Identification Number (UIN) under MAPIN Regulations.
a)
Bodies corporate (their promoters and directors ) who buy, sell or deal or subscribe to
units of the various Schemes of the Fund , have to obtain a UIN before 31.12.2004.
b)
Resident investors not being bodies corporate who buy, sell or deal or subscribe to
units of the various Schemes of the Fund of the value of Rs. 100000 or more have to
obtain a UIN before 31.03.2005.
c)
Foreign Institutional Investors, sub accounts and foreign venture capital investors
who buy, sell or deal or subscribe to units of the various Schemes of the Fund, have to
obtain a UIN by 31.03.2005.
SEBI has authorized National Securities Depositories Limited (NSDL) to maintain the
database and NSDL designated Point of Service (POS) at various centres for providing
registrations under the regulations. The detailed notifications and application form are
available in the websites www.sebi.gov.in; www.mapin.nsdl.com
Investors who qualify for obtaining UIN as above are required to furnish their UIN in the
application form.
SYSTEMATIC INVESTMENT PLAN (SIP)
8) We are happy to introduce revised Systematic Investment Plans facility for investors of
all our existing schemes . Revised Features of the Systematic Investment Plan are as
under:
Eligibility
:
Minimum Amount of first subscription
:
No. of Instalments
a)
Minimum
b) Maximum
Minimum amount of SIP instalments
:
Minimum Period of investment
:
:
All class of investors provided in the Offer
Document
Rs. 1000.00 irrespective of the minimum
currently prescribed under the respective
Schemes.
`
Six Months
No Limit
Rs. 1000.00 and thereafter in multiples of Rs.
1000.00
Six Months, No maximum Period
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Periodicity
:
Monthly/Quarterly
Dates of post dated Cheques
:
5th of every month /quarter (In case, the
fixed date happenes to be holiday, the
cheques shall be deposited on the next
business day.
Applicable NAV and Cut-off time
:
Entry Load
:
Applicable NAV and cut-off time as
prescribed under the Regulation shall be
applicable.
Nil
Exit Load
:
Notice Period
:
The exit load shall be applicable, if the
amount is withdrawn by the investor within
12 months from the date of respective
investment. The exit load will be equivalent
to the entry load applicable to investments
other than SIP in the respective scheme.
Investors may be given option to discontinue
SIP by giving 15 days notice prior to the due
date of the instalment.
This forms as an integral part of offer document of all our open ended schemes.
(9) Change of address of Canbank Computer Services Ltd., Registrar and Transfer Agents of
CanEquity Diversified, CanExpo, CanEquity Tax Saver, CanIndex, CanPremium, CanTriple,
Cancigo and Canganga Schemes :
Canbank Computer Services Ltd.
Naveen Complex, IV Floor
14, M. G. Road, Bangalore – 560 001
Tel No. (080) 2532 0541/42/43 Fax : 2532 0544
Fax : [email protected];[email protected]
The above addendum is issued as an integral part of Offer Documents of all the open ended
schemes.
Risk Factors
All investments in Mutual Funds and Securities are subject to market risks
and the NAV of scheme may go up or down depending upon the factors
and forces affecting securities market. The investors are advised to read the
detailed Offer Document before investing in any scheme.