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CanIndex from Canbank Investment

MANGALORE: Canbank Investment Management Service Ltd. has launched CanIndex, an open ended Nifty linked equity scheme, The scheme is open till September 27. According to a release by the Branch incharge, G. Muralidhar Shenoy, issued here on Tuesday by the Canbank Investment Management Services Ltd., the scheme will make investments in equities in the Nifty in the same proportion and weightage it represents in the index and thus the scheme aims to replicate return commensurate with the index movement. The objective is to generate income or capital appreciation by investing in companies whose securities are included in the S&P CNX Nifty. The minimum investment is Rs. 5,000 and in multiples of Re. 1 thereafter.

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