Canara Robeco AMC Team

Issue of Canara Robeco Interval Scheme Units of Face Value of Rs.
10/- each
Canara Robeco Interval Scheme

A Debt Oriented Interval Scheme
Asset Management Company Canara Robeco Asset Management Services Ltd. Construction House, 4th Floor, 5, Walchand Hirachand Marg, Ballard Estate, Mumbai - 400 001. Tel. No. (022) 22621371, 66585000 - 5010, Fax : 6658 5011/12/13 E-Mail ID : crmf@@cananararobeco.com Registrar Computer Age Management Services Pvt. Ltd. 178/10 K. H. Road, Opp. Palmgroove Hotel Nungambakkam Chennai 600 034 Tel No. (044) 39115574, 39115583 Email: enq_@camsonline.com
This Offer Document sets forth concisely the information about the Canara Robeco Interval Scheme that a prospective investor should know before investing. The Scheme particulars have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, as amended till date, and filed with SEBI. The Offer Document will remain effective till a material change occurs and thereafter changes will be filed with SEBI and circulated to the unit holders. The units being offered for public subscription have not been approved or disapproved by the Securities and Exchange Board of India nor has Securities and Exchange Board of India certified the accuracy or adequacy of this Offer Document. The investors are required to read the terms of Offer carefully before investing. Investors are advised to retain the Offer Document for future reference. The unit holder may also ascertain about any further changes including the Load Structure, after the date of Offer Document from the Fund or its Sales Offices (Investor Relations Centres) / Distributors / Brokers. Application forms are available at the Offices of Canara Robeco Asset Management Company Ltd., Agents of Canara Robeco Mutual Fund and Stock Exchange Brokers Application forms are available at the Offices of Canara Robeco Asset Management Company Ltd., Agents of Canara Robeco Mutual Fund and Stock Exchange Brokers
Canara Robeco Mutual Fund

Investment Manager : Canara Robeco Asset Management Co. Ltd. Construction House, 4th Floor, 5, Walchand Hirachand Marg, Ballard Estate, Mumbai 400 001 Tel.: 6658 5000 - 5010, 6658 5086 Fax: 6658 5012 / 13 www.canararobeco.com

Table of contents
Item no. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21.
Index
page no. 1 2 3 5 7 9
Salient Features of the Scheme............................................................................................ Definitions.......................................................................................................................... Risk Factors ........................................................................................................................ Constitution of the Fund...................................................................................................... Management of the Fund.................................................................................................... Past Schemes .....................................................................................................................
Investment Objectives & Policies ........................................................................................ 10 Units on offer...................................................................................................................... 16 Sale of units........................................................................................................................ 17
Returns & Distribution ........................................................................................................ 19 Expenses ............................................................................................................................ 20 Redemption or Repurchase ................................................................................................. 21 Winding up of the Scheme .................................................................................................. 22 Tax Provisions..................................................................................................................... 22 Net Asset Value and Valuation of Securities.......................................................................... 23 Accounting Policies & Standards.......................................................................................... 24 Other Terms ....................................................................................................................... 25 Investor's Rights and Services .............................................................................................. 25 Investor Grievances and Redressal ....................................................................................... 25 Penalties and Pending Litigation.......................................................................................... 25 Due Diligence by the AMC................................................................................................... 26

1. Salient features of the Scheme
Name of the Scheme : Canara Robeco Interval Scheme Type / Category Debt Oriented Interval Scheme comprising of three plans as under : Plan No. of Series Monthly Interval Scheme Quarterly Interval Scheme Annual Interval Scheme 1 1 1 Application for subscription / switch-in of units will be accepted only on / during the defined Specified Transaction Date / Period without entry load. Application for redemption and switch-out are accepted on / during the defined Specified Transaction Date / Period without exit load. However, redemption / switchout applications accepted on all other business days are subject to applicable exit load. In case the Specified Transaction Date / Period happens to be a non-business day, the immediate next business day shall be construed as the Specified Transaction Date / Period. Trustees reserve the right to change / alter the Specified Transaction Date / Period depending upon the prevailing market conditions and to protect the interest of the investors. Note : The exact date of Specified Transaction Date / Period would depend upon the date of allotment of the units after the closure of the NFO which in turn would depend upon the date of launch of the NFO. The Specified Date/ Period would be mentioned in the Key Information Memorandum at the time of launch of the NFO. Applicable NAV for Sale of units Investments under each scheme shall be accepted only on Specified Transaction Date / Period. a) For applications received up to 3 p.m. along with instruments payable at par at the place of receipt, closing NAV of the same day on which the application is received shall be applicable. b) For applications received after 3 p.m. along with instruments payable at par at the place of receipt, closing NAV of the next business day shall be applicable provided next business day is declared as Specified Transaction Day. Otherwise the application shall not be accepted for subscription / the amount shall be refunded. Applicable NAV for repurchase of units For applications received upto 3.00 p.m. on Specified Redemption Date/Period, same day's closing NAV shall be applicable without exit load. For applications received after 3.00 pm. on Specified Redemption Date/Period, closing NAV of the next business day shall be applicable subject to exit load. For applications received upto 3.00 p.m. on all other business days, same day's closing NAV shall be applicable subject to exit load. For applications received after 3.00 pm, closing NAV of the next business day shall be applicable subject to exit load. Liquidity : Liquidity by way of repurchase facility through Investor Relation Centers (Sales Offices) & R & T Agents . Switch-over Switch-over option to the investors within the Fund to/ from other open ended scheme(s) or to/from new scheme(s) that may be launched from time. Switch out from the Scheme on any business day, other than the Specified Transaction Date / Period, will attract applicable exit load. Switch-in to the Scheme only on Specified Transaction Date / Period will be allowed without entry load. Entry Load / Switch in Load : Nil Exit Load /Switch Out load Monthly Interval Plan : Nil if redeemed on / during Specified Transaction Date / Period 0.10% if redeemed at anytime other than Specified Transaction Date / Period Quarterly Interval Plan Nil if redeemed on / during Specified Transaction Date / Period 0.30% if redeemed at anytime other than Specified Transaction Date / Period Annual Interval Plan Nil if redeemed on / during Specified Transaction Date / Period 1.00% if redeemed at anytime other than Specified Transaction Date / Period CDSC : Nil Benchmark Index Monthly Interval Scheme - Crisil Liquid Fund Index Quarterly Interval Scheme - Crisil Liquid Fund Index Annual Interval Scheme - Composite Short Term Bond Fund Index New Fund Offer Expenses New Fund Offer expenses will be borne by the Investment Manager. Scheme Recurring Expenses The Annual Scheme Recurring Expenses of the Scheme is capped at 1% and 0.75% under Retail Plan and Institutional Plan respectively.
The Fund proposes to launch the Monthly Interval Plan and Quarterly Plan on 21st January, 2008. The New Fund Offer (NFO) of the Monthly and Quarterly Plans opens for subscription on 21st January, 2008 and closes on 23rd January, 2008. The allotment of units under the respective plans will be made on 24th January, 2008. The Specified Transaction Period would be 24th of every month for Monthly Interval Plan and 24th of every Quarter (24th April, 24th July, 24th October and 24th Jan'09 and so on) for Quarterly Interval Plan. The New Fund Offer of Annual Plan (covered under this offer document) will be notified by issuing an addendum / public notice /press release. The relevant Key Information Memorandum and application will be issued at the time of opening of NFO of the Annual Plan. Investment Objective To generate returns and growth of capital by investing in Central and State Govt. securities and other fixed income / debt securities normally maturing within the maturity of interval plan to insulate the portfolio from interest rate volatility. Asset Allocation Instruments Debt Securities including securitised debt having rating above AA or equivalent, Central / State Govt. Securities and Money Market Instruments Plan / Option Under each plan there will be following Options: 1) Retail Plan a) Growth Option 2) Institutional Plan a) Growth Option Minimum Investment Retail Plan : Rs. 5000.00 and thereafter in multiples of Re. 1.00 Institutional Plan : Rs. 5000000.00 and thereafter Re. 1.00 Minimum Redemption Amount The minimum redemption amount for the Canara Robeco Interval Scheme is Rs. 1000.00 and in multiples of Re. 1.00 thereafter NAV NAV / Repurchase price will be announced on a daily basis, except Saturdays / Sundays / Non business days / Public Holidays and during book closure period. Specified Transaction Period The Specified Transaction Period is the specified date(s)/ period on / during which subscription / redemption /s switches will be made in the Scheme without any load. The Specified Transaction Day will be once a month / once a quarter / once a year as the case may be under the Monthly/Quarterly/Annual Interval Scheme respectively. The Specified Transaction Period would be different for Monthly / Quarter / Annual Interval Scheme and would be generally for one day of every month / quarter / year and shall commence after the expiry of one of Month / Quarter / Year from the date of allotment. Such Specified Transaction Period shall be fixed after expiry of : a) One month from the date of allotment after the closure of the NFO in the case of Monthly Interval Scheme b) One Quarter from the date of allotment after the closure of the NFO in the case of Quarterly Interval Scheme c) One Year from the date of allotment after the closure of the NFO in the case of Annual Interval Scheme b) b) Dividend Option Dividend Option % of Investible Funds 100% Risk Profile Medium to low

2. Definition
In this Offer Document, the following words and expressions shall have the meaning specified herein, unless the context otherwise requires : Acceptance Date Acceptance Date means the date on which the Trustees or their authorised agent, as the case may be, after being satisfied that the application is in order, accept the same. AMC or Asset Management Company or Investment Manager AMC means Canara Robeco Asset Management Company Ltd. (CR AMC), a company formed and registered under the Companies Act, 1956 (1 of 1956) and approved as such by SEBI to act as an Investment Manager to Canara Robeco Mutual Fund (CRMF). AMC Fees Investment Management fee charged by the AMC to the Scheme. Applicable NAV The NAV calculated for the Business Day on which Sale and Repurchase requests received by the Investment Manager or its authorised agents. Applicant Applicant means a person who applies for allotment of units of Canara Robeco Interval Scheme in pursuance of this Offer Document. Allotment Date The date on which the units of Canara Robeco Interval Scheme are allotted to the successful applicants from time to time and includes allotment made pursuant to the New Fund Offer. Auditors Auditors appointed, from time to time, to audit the accounts of Canara Robeco Interval Scheme Business Day A day not being: (1) A Saturday or Sunday; or (2) A day on which Banks in Mumbai or the Reserve Bank of India are closed, or (3) A day on which there is no RBI clearing/settlement of securities; or (4) A day on which both the Stock Exchanges, Mumbai and the National Stock Exchange of India Limited are closed, whether or not the banks in Mumbai are open; or (5) A day on which Purchase and Redemption of units are suspended or a book closure period is announced by the Trustee / AMC; or (6) A day on which normal business cannot be transacted due to storms, floods, bandhs, strikes or such other events as the AMC may specify from time to time. Provided that the days when the banks in any location where the AMC's branch offices are located, are closed due to a local holiday, such days will be treated as non Business Days at such branches for the purposes of accepting fresh subscriptions. However, if the branch offices in such locations is open on such local holidays, then redemption and switch requests will be accepted at those branches, provided it is a Business Day for the Scheme on an overall basis. Notwithstanding the above, the AMC reserves the right to change the definition of Business Day and to declare any day as a Business Day or otherwise at any or all branch offices. Canara Bank Canara Bank, a corporate body constituted under the provisions of the Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970 and having its registered office at 112, J. C. Road, Bangalore, 560002. CBLO Collateralised Borrowing and Lending Obligations is a Money Market Instrument, approved by RBI (developed by Clearing Corporation of India Ltd). CBLO is a discounted instrument issued in an electronic book entry form for maturity ranging from one day to one year. CDSC Contingent Deferred Sales Charge (CDSC) is a charge imposed when the units are redeemed with in 4 years from the date of allotment. The SEBI Regulations mandate the maximum amount that can be charged in each year. Custodian The custodian to Canara Robeco Interval Scheme appointed from time to time. The Fund Canara Robeco Mutual Fund (CRMF), a Trust constituted under the Indian Trust Act, 1882 and registered with SEBI as Mutual Fund. MMI Money Market Instruments include Commercial Papers, Commercial Bills, Treasury Bills, Government Securities, having an un-expired maturity up to one year, Call or Notice Money, Certificate of Deposit, usance Bills and any other like instruments as specified by the Reserve Bank of India / SEBI, from time to time. MIBOR Mumbai Inter-bank Offered Rate Gilt/Govt. Securities Central Govt. Securities as defined in Section 2 of the Public Debt Act, 1944 (18 of 1944) and Government Securities created and issued by the State Govt. under the said Act Interest Rate Risk Uncertainty of future market values and of the size of future income caused by fluctuations in the general level of interest rates. Interval Scheme The Scheme that is open for sale or redemption during specified date or specified / pre-determined intervals. NAV The term Net Asset Value (NAV) appearing in this Offer Document means the NAV per unit of Canara Robeco Interval Scheme New Fund Offer(NFO) New Fund Offer means offer of units during the initial offer period. New Fund Offer Period The dates on or the period during which the initial subscription to the units of Canara Robeco Interval Scheme under every series was made as specified in the terms of offer, subject to early closure or extension, as may be announced. The new fund offer period for every series shall, however, be of a minimum of 3 days and a maximum of 30 days from the date of opening of the new fund offer. Offer Document This Offer Document, offering units of Canara Robeco Interval Scheme to applicants for subscription. Person The word person shall include a body corporate, group of individuals, trusts and other association of persons whether incorporated or not. RBI Reserve Bank of India, established under the Reserve Bank of India Act 1934, as amended from time to time. Repo Sale of Govt. Securities with simultaneous agreement to repurchase them at a later date Reverse Repo Purchase of Govt. Securities with a simultaneous agreement to sell them at a later date. Robeco Groep N. V. Robeco Groep N.V. (Robeco) is wholly owned by Rabobank Nederland and is one of the Sponsors of The Fund. Registrar & Transfer Agent The Registrar & Transfer Agent to Canara Robeco Interval Scheme appointed from time to time.

Settlor Settlor means Canara Bank who settled and constituted the Fund. Sponsor(s) Sponsors means any person(s) who, acting alone or in combination with another body corporate, establishes a Mutual Fund. Statement of Account A non-transferable statement indicating the number of units held by the investor on a particular date. Switch Over Simultaneous applications by a unit holder for repurchase / redemption of units held by him under one of the Schemes (or a plan under the same Scheme) of Canara Robeco Mutual Fund with authorisation to the Investment Manager to apply the repurchase/redemption proceeds, for the purchase of fresh/additional units of another Scheme (or under another plan of the Scheme of which he is a unit holder) of Canara Robeco Mutual Fund, which is open for subscription at the time when the applications are made. Stock Exchange Stock Exchange means a Stock Exchange which is for the time being, recognised under the Securities Contracts (Regulation) Act,1956 (42 of 1956). SEBI Securities & Exchange Board of India established under the Securities and Exchange Board of India Act, 1992, as amended from time to time. The Scheme Scheme means Canara Robeco Interval Scheme Trustees Trustees means Canara Bank in its Capacity as Principal Trustee and other Trustees appointed from time to time and include a Trustee Company, if incorporated and the Directors of such Trustee Company. Trust Deed Principal Trust Deed dated 26th September 2007 as amended or restated from time to time. The Regulations Securities & Exchange Board of India (Mutual Funds) Regulations, 1996, as amended from time to time. Unit Capital The aggregate face value of the units issued and outstanding (including fractional units) under Canara Robeco Interval Scheme Unit One undivided share of a unit holder in the assets of Canara Robeco Interval Scheme Unit holder A person holding units of Canara Robeco Interval Scheme and includes a person who has opted to switch over his investment(s), wholly or partially, from another Scheme or Schemes of the Canara Robeco Mutual Fund to Canara Robeco Interval Scheme in accordance with the terms of this Offer Document. Winding up Winding up of Canara Robeco Interval Scheme under clause 13 of this Offer Document. The expressions not defined here shall carry the same meaning, assigned to them in the Offer Document. performance of the Scheme. iv. The Performance of the Sponsors i.e., CANARA BANK and ROBECO GROEP N.V.has no bearing on the expected performance of Canara Robeco Mutual Fund or any of its Schemes. v. Canara Bank and Robeco Groep N. V., being the Sponsors, are not responsible or liable for any loss or shortfall resulting from the operations of any Scheme of Canara Robeco Mutual Fund, beyond the initial contribution made by Canara Bank of an amount of Rs.10 lakhs towards setting up of the Canara Robeco Mutual Fund.
Vi. Canara Robeco Interval Scheme is only the name of the Scheme and does not in any manner indicate either the quality of the Scheme, its future prospects or returns. The Mutual Fund is defending and / or has filed cases in the Special Court constituted under the Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992 for the claims arising out of scam related transactions. The Fund has taken necessary steps as legally advised. Writ Petitions have been filed before the Hon'ble Bombay High Court & Hon'ble Calcutta High Court, for direction to prohibit Canara Robeco Mutual Fund from converting the close ended Cantriple+ Scheme into open ended and for direction regarding payment of three times the original investment. A criminal complaint was filed by Mr. Dilip Cheriwal before the First Class Judicial Magistrate, Patna against Canara Robeco Mutual Fund and four of the then Trustees respectively in Cantriple+ Scheme. A petition filed by one Seth Sagarmal Bagrodia Charitable Trust against Canara Robeco Mutual Fund and others in Cantriple+ Scheme is also pending before MRTP, New Delhi. These cases are being defended as legally advised. Cases are also pending before various Consumer Fora claiming three times the investment in Cantriple+ Scheme. The cases are at various stages of hearing. The Fund has taken necessary steps as legally advised. There are about 32 consumer complaints (including appeals) filed by various parties against the Fund in respect of the various schemes floated by the Fund, which are pending. About 40 consumer complaints (including appeals) filed by various parties against GIC Mutual Fund/GICAMC in respect of the various schemes floated by GIC Mutual Fund, which are pending. Pursuant to take over of all the GIC Mutual Fund Schemes by Canara Robeco Mutual Fund with effect from 15.10.2005, the said cases are being defended by the Fund as legally advised. In respect of the cases mentioned above, the Fund / Investment Manager will abide by the final outcome of the case. Please also refer clause on 'Penalties and Pending Litigation' mentioned elsewhere in the Offer Document. Scheme Specific Risk Factors and Considerations Price-Risk or Interest-Rate Risk : Fixed income securities such as bonds, debentures and money market instruments run price-risk or interest-rate risk. Generally, when interest rate rise, prices of existing fixed income securities fall and when interest rates drop, such prices increase. The extent of fall or rise in the prices is a function of the existing coupon, days to maturity and the increase or decrease in the level of interest rates. Credit Risk : In simple terms this risk means that the issuer of a debenture/bond or a money market instrument may default on interest payment or even in paying back the principal amount on maturity. Even where no default occurs, the price of the security may go down because the credit rating of an issuer goes down. It must, however, be noted that where the Scheme has invested in Government securities, there is no credit risk to that extent. Reinvestment Risk : Investments in fixed income securities may carry reinvestment risk as interest rates prevailing on the interest or maturity due dates may differ from the original coupon of the bond. Consequently, the proceeds may get invested at a lower rate. Different types of securities in which the Scheme would invest as given in the offer document carry different levels and types of risk. Accordingly the Scheme's risk may increase or decrease depending upon its investment pattern e.g. corporate bonds carries a higher amount of risk than Government securities. Further even among corporate bonds, bonds which are AA rated are comparatively more risky than bonds which are AAA rated. Each plan under the scheme may invest up to 50% of the net asset of the respective 3
3. Risk Factors
Standard Risk Factors i. ii. Mutual Funds, like securities investments, are subject to market risks and there can be no assurance that the Scheme's objectives will be achieved. As with any investment in securities, the NAV of Units issued under the Scheme can go up or down depending on the factors and forces affecting Capital / Debt / Money Markets.
iii. The past performance of the Mutual Fund Schemes managed by the Sponsors and their affiliates/associates is not necessarily indicative of the future

plan in domestic securitised debt assets. These assets would be in the nature of Mortgage Backed Securities (MBS) and Asset Backed Securities (ABS) with underlying pool of assets and receivables like Housing loans, Auto loans and Corporate loans. The Fund intends to invest only in securitised instruments rated at least AA (SO) or its equivalent by a recognised credit rating agency. The securitised debt assets and the underlying asset classes like Housing loans, Auto loans and Corporate loans have the following risk factors: Risk associated with Mortgage Backed Securities (MBS) - Housing Loans Prepayment Risk : The Fund may receive payment of monthly payouts earlier than scheduled. Prepayments shorten the life of the instrument to an extent that cannot be fully predicted. The rate of prepayments may be influenced by a variety of economic, social and other factors. Credit Risk : Delinquencies may happen which would reduce the principal amount. Typically MBS structures come with credit enhancement in variety of forms. If delinquencies are higher than the amount available in the credit enhancement facility then the monthly payouts to the Fund would reduce. Historically, it has been observed that housing loans have lower default rates as compared to other forms of credit. Liquidity Risk : Historically the secondary market volume of securitised papers has been limited. This could limit the ability of the Fund to resell them. Secondary market trades could be at a discount or premium depending upon the prevailing interest rates. Conversion Risk : Conversion of loans from fixed rates to floating rate loans and vice versa could leadto a change in the expected cash flows from the loans. Risk associated with Asset Backed Securities (ABS)-Auto loans Prepayment Risk : The Fund may receive payment of monthly payouts earlier than scheduled. Prepayments shorten the life of the instrument to an extent that cannot be fully predicted. The rate of prepayments may be influenced by a variety of economic, social and other factors. Prepayment in auto loans is lower than housing loans as the shorter tenor of auto loans makes it economically unattractive to prepay after considering the prepayment charges. Credit Risk : Delinquencies may happen which would reduce the principal amount. Typically ABS structures come with credit enhancement in variety of forms. If delinquencies are higher than the amount available in the credit enhancement facility then the monthly payouts to the Fund would reduce. Typically auto loans carry higher risk than MBS as the value retention of the underlying asset is higher in MBS as compared to the underlying asset of ABS. Liquidity Risk : Historically the secondary market volume of securitised papers has been limited. This could limit the ability of the Fund to resell them. Secondary market trades could be at a discount or premium depending upon the prevailing interest rates. Risk associated with Asset Backed Securities (ABS) - Corporate loans Credit Risk : The Fund has an exposure to the borrower/borrowers and servicing of the instrument depends on the credit risk of the borrower. The value of the instrument would fluctuate depending upon the changes in the perceived level of credit risk as well as any actual default. Prepayment Risk : The borrower may prepay the receivables prior to their respective due dates. This may result in a change in the yield and tenor for the Fund. Limited Liquidity and Price Risk : Historically the secondary market volume of securitised papers has been limited. This could limit the ability of the Fund to resell them. Secondary market trades could be at a discount or premium depending upon the prevailing interest rates. Derivatives Risk: As and when the Scheme trades in the derivatives market, there are risk factors and issues concerning the use of derivatives that investors should understand. Derivative products are specialized instruments that require investment techniques and risk analysis different from those associated with stocks and bonds. The use of a derivative requires an understanding not only of the underlying instrument but also of the derivative itself. Derivatives require the maintenance of adequate controls to monitor the transactions entered into, the ability to assess the risk that a derivative adds to the portfolio and the ability to forecast price or interest rate movements correctly. There is a possibility that loss may be sustained by the portfolio as a result of the failure of another party (usually referred as the "counter party") to comply with the terms of the derivatives contract. Other risk in using derivatives include the risk of mispricing or improper valuation of derivatives and the inability of derivatives to correlate perfectly with underlying assets, rates and indices. Derivatives can be highly leveraged instruments. Even a small price movement in the underlying security could have a large impact on the value of derivatives. Derivatives can provide disproportionate gains as well as disproportionate losses to the investor. Execution of such strategies depends upon the ability of the Fund Manager to identify such opportunities. Identification and execution of the strategies to be pursued by the Fund Manager involve uncertainty and decision of Fund Manager may not always be profitable. No assurance can be given that the Fund Manager will be able to identify or execute such strategies. The risk associated with the use of derivatives is different from the risks associated with investing directly in securities and other traditional investments. Trading in derivatives has the following risks: a. b. c. An exposure to derivatives in excess of the hedging requirements can lead to losses. An exposure to derivatives can also limit the profits from a genuine investment transaction. Efficiency of a derivative market depends on the development of a liquid and efficient market for the underlying securities.
Risk factors associated with minimum of 20 investors and 25% of corpus As per the SEBI Circular No. SEBI/IMD/Cir No. 10/22701/03 dated 12.12.2003 and SEBI/IMD/Cir No. 1/42529/05 dated 14.06.2005, each Scheme should have a minimum of 20 investors and no single investor should account for more than 25% of the corpus of such scheme. In case of non-fulfilment with either of the above two conditions, the scheme shall be wound up by following the guidelines prescribed by SEBI and the unit holding of the investors would be redeemed at applicable NAV. Applicability of these guidelines shall be at the portfolio level within the Scheme In case of New Fund Offering, a three months time period or the end of succeeding calendar quarter, whichever is earlier, from the close of the New Fund Offering (NFO) will be available to balance and to ensure compliance with these two conditions. After the NFO, on an ongoing basis, in each subsequent calendar quarter thereafter, on an average basis, the scheme should meet with both these conditions. To determine the breach of the 25% limit by an investor, the average net assets of the scheme would be calculated daily. At the end of the quarter, the average of daily holding by each such investor is computed to determine whether that investor has breached the 25% limit over the quarter. In case of breach, a rebalancing period of one month would be allowed and thereafter the investor who is in breach of the rule shall be given 15 days notice to redeem his exposure over the 25% limit. Failure on the part of the said investor to redeem his exposure over the 25% limit within the aforesaid 15 days would lead to automatic redemption by the Mutual Fund on the applicable Net Asset Value on the 15th day of the notice period. As the plans in the Scheme would be available for redemption / fresh subscription every month / quarter / year (intervals), the Fund shall ensure that the Scheme complies with the above regulations with regard to minimum number of investors each time the Scheme / plan open for fresh subscription. Other risks The liquidity of the Scheme's investments inherently restricted by trading volumes and settlement periods. In the event of an inordinately large number of redemptions or of a restructuring of the Scheme's investment portfolio, there may be delays in the redemption of units. Please refer to the section on "Right to limit repurchases" and "Suspension of sales/repurchase/switching options of the units" in this document. The value of the Scheme investments may be affected by factors affecting capital markets generally, such as price and volume volatility in the stock markets, interest rates, currency exchange rates, foreign investments, changes in government policy, political, economic or other developments and closure of the stock exchanges. The NAV of the Scheme will be sensitive to changes in Interest /Bank / Prime Lending Rates. In case of investment in Money Market Instruments and in Central / State Govt. Securities by the Scheme, an increase in the Interest / Bank / Prime Lending Rates will impact the market value of existing investments leading to decrease in the Scheme's NAV. Debt securities are subject to the risk of an issuer's inability to meet principal and interest payments on the obligations (Credit Risk). Debt securities may also be subject to price volatility due to such factors as interest sensitivity, market perception or creditworthiness of the issuer and general market liquidity (Market Risk). While it is

the intention of the Investment Manager to invest primarily in highly rated debt securities, the Scheme may from time to time invest in higher yielding, lower rated securities but not below investment grade and also in un-rated securities subject to provisions and restrictions laid down by SEBI, which would enhance the degree of risk. Changes in Government Policy in general and changes in tax benefits applicable to mutual funds may impact the returns to investors in the Scheme. The NAV of the scheme may be affected by the changes in the general market conditions, factors and forces affecting capital market in particular, level of interest rates, various market related factors, settlement periods and transfer procedures. A Unit Holder may invest in the schemes and acquire a substantial portion of the scheme units. The repurchase of units by the Unit Holder may have an adverse impact on the units of the schemes, because the timing of such repurchase may impact the ability of other Unit holders to repurchase their units. The tax benefits described in this Offer Document are as available under the present taxation laws and are available subject to relevant conditions. The information given is included only for general purpose and is based on advice received by the AMC regarding the law and practice currently in force in India and the Investors should be aware that the relevant fiscal rules or their interpretation may change. As is the case with any investment, there can be no guarantee that the tax position or the proposed tax position prevailing at the time of an investment in the Scheme will endure indefinitely. In view of the individual nature of tax consequences, each Investor is advised to consult his/her own professional tax advisor. The Investment Manager perceives such situations to be exceptional in nature. The AMC, may consider the overall level of risk of the portfolio, invest in lower rated / un-rated securities, offering higher yields as well as zero coupon securities that offer attractive yields. This may increase the absolute risk of the portfolio. Any disruption in the normal functioning of the Debt market or extreme illiquidity in any one of the Scheme's securities, may affect the ability of the Fund Manager to buy or sell freely in the market. In the event of a large number of repurchase requests, the time taken by the Scheme for repurchase may become significant. It may be noted that no prior intimation/indication would be given to investors when the composition / asset allocation pattern of the Scheme undergo changes within the permitted band as mentioned in this document. In the event of substantial investment by the Sponsors and its associates in the scheme of the Mutual Fund, redemption of units by these entities may have an impact on the performance of the Scheme. Investors should study this Offer Document carefully in its entirety and should not construe the contents hereof as advice relating to legal, taxation, investment or any other matters. Investors may, if they wish, consult their legal, tax, investment and other professional advisors to determine possible legal, tax, financial or other considerations of subscribing to or redeeming Units, before making a decision to invest/redeem Units.Canara Robeco Mutual Fund will not be responsible for any loss of tax benefits in the event of winding up of the Scheme or for any amendment in tax laws that may affect the tax benefits available under the Scheme. The tax benefits are based on the present laws and rules in force. Income Distributions for the year/ period : 2004-2005 2005-2006 2006-2007 01.04.2007 [%] [%] [%] to 31.12.2007 [%] 17.50 25.00 30.00 7.00 12.25 1.25 20.00 20.00 4.00@ 75.00 20.00 4.0150* 40.00 25.00 7.00@ 12.25 2.25@ 25.00 15.00@ 60.00 25.00 13.00@ 12.25 6.00@ 30.00 30.00 50.00 14.00@
Scheme Name Canara Robeco Balance Canara Robeco Equity Tax Saver Canara Robeco Expo Canara Robeco CIGO Canara Robeco Gilt Canara Roebco Gilt (PGS) Canara Robeco Equity Diversified Canara Robeco Emerging Equities Canara Robeco Floating Rate Canara Robeco Nifty Index Canara Robeco Infrastructure Canara Robeco Liquid
* From 01.04.2004 to 31.05.2004 @ Pre-tax Canara Robeco Liquid Income Distribution - (Daily Dividend Reinvestment Option) From 01.06.2004 To 31.12.2007: Period 01.06.04 to 08.07.04 09.07.04 to 31.03.05 01.04.05 to 31.03.06 01.04.06 to 31.03.07 01.04.07 to 31.12.2007 Retail Plan (%) 3.9405 Ind. & HUF 4.1950753 4.9965 6.0528 5.7932 Others 3.9230213 4.6522 5.6368 Institutional Plan (%) 4.1023 Ind. & HUF 4.9850 6.0563 5.8004 Others 4.6416 5.6401 4.3010356 4.0221093
(Weekly Dividend Reinvestment) (Annualised) Period 12.04.05 to 31.03.06 01.04.06 to 31.03.07 01.04.07 to 31.12.2007 Institutional Plan (%) Ind. & HUF Others 4.9350187 5.9087 5.6809 4.5940195 5.5026
Canara Robeco Floating Rate Income Distribution (Annualised) (Daily Dividend Reinvestment) Period 01.12.06 TO 31.03.07 01.04.07 to 31.12.2007 b) Sponsors i) Canara Bank Short Term Plan (%) Ind. & HUF Others 7.2068 6.10603 6.7115
4.
Constitution of the fund
The Fund was set up by Canara Bank, pursuant to the approvals received by the Fund from the Government of India, Ministry of Finance, New Delhi by letter No. D. O. No F.1/65/SE/87 dated 15th December 1987 for making investments in equity and other securities. The Securities & Exchange Board of India has also granted registration under Registration No.MF/004/93/4 dt.19/10/1993 & 09.10.2007. The Fund has also been recognized under section 10(23D) of Income-Tax Act, 1961 under Notification No.SO/1064/E dated 18th November, 1988 issued by Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, Government of India. Canara Bank and Robeco Groep N.V are the joint Sponsors of the Fund. a) Objectives of Canara Robeco Mutual Fund i. The basic objective of Canara Robeco Mutual Fund is to channelise the savings from a wide section of people and to provide them returns by way of annual income distribution/capital appreciation by investment in Capital/Debt Markets and to provide liquidity. The performance of Canara Robeco Mutual Fund Schemes for the financial years 2004-2005, 2005-2006, 2006-2007 and from 01.04.2007 to 31.12.2007 in terms of income distribution is furnished below :
Canara Bank, established in 1906, is a leading nationalised bank operating in India and abroad, through its network of branches in India and offices in London, Moscow, Hong Kong and managing exchange companies in UAE. The Bank is known for its innovative, visionary and forward thinking policies in the banking sector. Canara Bank is rated AAA (Triple A) by CRISIL, the Indian subsidiary of Standard & Poor's. In addition to the three Regional Rural Banks including Pragathi Gramin Bank, Shreyas Gramin Bank and South Malabar Gramin Bank, the Bank has the following companies as subsidiaries. Canfin Homes Ltd., Canara Robeco Asset Management Company Ltd., Gilt Securities Trading Corporation Ltd, Canbank Factors Ltd. Canbank Financial Services Ltd., Canbank Venture Capital Fund Ltd. & Canbank Computer Services Ltd. The Bank's owned funds stood at Rs. 8111.12 crores as on 30.09.2007. The capital adequacy ratio of the Bank, as on 30.09.2007 was 13.89 % as against 9% stipulated by the RBI. Financial performance of Canara Bank is given below: 5
ii.

(Rs. in Crores) Year Ended 31st March Total Deposits Total Advances Number of Branches Total Income Operating Profit Profit after Tax Equity Capital Reserve Net-worth Earning per Share (in Rs.) Book Value (in Rs.) Dividend Paid (%) ii) ROBECO GROEP N V. Robeco Groep N.V. (Robeco) is wholly owned by Rabobank Nederland. Rabobank, with a AAA credit rating enjoys an award winning sustainability rating. Rabobank Group offers a wide range of financial services. Robeco is positioned as the Rabobank Group's centre of competence for its asset management business. Robeco has been engaged in global asset management for over 75 years and over these years has gained specialized investment capabilities in the major asset classes of equity, fixed income, money market as well as in structured and alternative investments including hedge funds and private equity. Robeco has investment operations in The Netherlands, France, United States and has as an extensive marketing and sales network throughout the world. Rabobank Nederland and Robeco has numerous subsidiaries across the world and Robeco's subsidiaries include Robeco Institutional Asset Management B.V, Robeco Direct N.V, Robeco Fund Management B.V and Robeco Investment Management Inc. As of the 31st December, 2006, Robeco's total/aggregated assets under management were 141.90 billion EUR or approximately INR 7, 87,119 Crores. Robeco provides investment products and services to around 700 institutional clients and 1.5 million investors around the World. Robeco India Holding B.V., is a wholly owned subsidiary of Robeco International Holding B.V., which is a wholly owned subsidiary of Robeco Groep N.V. For investment through Robeco India Holding B.V., Robeco has furnished the necessary guarantee to stand behind and be responsible for the obligations of Robeco India Holding B.V., under the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as also under the joint venture documentation concluded in this regard. Financial performance of Robeco Groep N.V. (Rs. in Crores) Year Ended 31st December Total income Profit after tax Equity Capital Reserves Net worth Earnings per share Book value per share Dividend Paid (%) c) Board of Trustees 2005 61129.00 2508 9115.80 2585.33 1109.51 410.00 5582.04 5992.04 27.06 146.15 55 2006 2007 30.09.07 95344.00 2578 7814.73 1262.38 642.12 410.00 7701.12 8111.12 15.66 197.83 95682.00 116803.00 142381.00 145193.00 79426.00 98506.00 2532 10027.00 2549.00 1343.22 410.00 6608.86 7018.86 32.76 171.19 66 2578 12815.00 2912.00 1420.81 410.00 7701.12 8111.12 34.65 197.83 70 Mr. K. K. Rai S-3, Perody Nest, 542, SRS Nagar Bilekahalli, Bannerghatta Road Bangalore 560 076 (Independent Trustee) Mr. Raj Kumar Aggarwal Senior Partner M/s. Raj K. Aggarwal & Associates Chartered Accountants 3072/41, Gola Market, Darya Ganj New Delhi 110 002 (Independent Trustee) Mr. R. K. Madhukar General Manager Canara Bank, Head Office, 112, J. C. Road, Bangalore 560 002 (Associate Trustee) Mr. Geert C.M.W Embrechts 141/142, Maker Tower L Cuffe Parade, Mumbai 400 005 (Associate Trustee) Chief Operating Officer & Managing Director: Rabo India Finance Ltd. Managing Director: Rabo India Securities P Ltd. Member: The Council of E U Chamber in India Director : Techno Electric and Engineering Co. Ltd. ISMT Ltd. (Nominee Director ICICI Bank) Ramsarup Lohh Udyog Ltd. U.B.Engineering Ltd. Director : Lord Krishna Bank Ltd. BOB Capital Markets Ltd.
Apart from the Associate Trustees listed above, none of the other Trustees is or has been, during the last three years, an associate of the Sponsors or the AMC d) Duties and obligations of the Trustees and Substantial Provisions of Trust Deed The duties, responsibilities and functions of the Board of Trustees of the Canara Robeco Mutual Fund are contained in the Principal Trust Deed dated 31st January, 1990 as also in the Supplemental Trust Deeds executed from time to time. The rights and obligations of the Trustees are also governed by the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as amended todate. They are briefly stated as under : a. b. The Trustees shall ensure that the transactions entered into by the AMC are in accordance with the SEBI Regulations and the Scheme objectives. The Trustees shall ensure that the AMC has been managing the Mutual Fund Schemes independently of other activities and have taken adequate steps to ensure that the interest of investors of one Scheme are not being compromised with those of any other Scheme or of the activities of the AMC. The Trustees shall take steps to ensure that the transactions of the Mutual Fund are in accordance with the provisions of the Trust Deed. The Trustees shall be responsible for the calculation of any income due to be paid to the Mutual Fund and also for any income received in the Mutual Fund for the holders of the units of any Scheme in accordance with these regulations and the Trust Deed. The Trustees shall ensure that there is no conflict of interest between the manner of deployment of its net worth by the AMC and the interest of the unit holders. The Trustees shall be discerning in the appointment of the Directors on the Board of the AMC. The Trustees shall review the desirability of continuance of the AMC, if substantial irregularities are observed in any of the Schemes and shall not allow the AMC to float new schemes.
c. d.
2004
3128.92 747.74 6389.55 2935.53 3263.69 33.63 143.84 39%
2005
3524.94 860.29 5770.67 4072.66 4212.91 35.86 185.68 Nil
2006
3674.82 1078.69 6112.79 5521.55 5557.08 49.55 244.92 Nil
e.
General Due Diligence : i. ii.
iii. The Trustee shall ensure that the trust property is properly protected, held and administered by proper persons and by a proper number of such persons. iv. The Trustee shall ensure that all service providers are holding appropriate registrations from the Board of concerned regulatory authority. v. The Trustees shall arrange for test checks of service contracts. vi. The Trustees shall immediately report to SEBI of any special developments in the Mutual Fund. Specific Due Diligence : The Trustees shall : i. obtain internal audit reports at regular intervals from independent auditors
The Board of Trustees comprises the following eminent personalities: Name Mr. Ashok Pradhan (Chairman) D 1, Upasna, 1, Hailey Road New Delhi 110 001 (Independent Trustee) Current Directorships Shree Adya Katyayani Shakti Mandir Trust (Elected Trustee)

appointed by the Trustees. ii. obtain compliance certificates at regular intervals from the AMC. iii. hold meeting of trustees more frequently. iv. consider the reports of the independent auditor and compliance reports of AMC at the meetings of the Trustees for appropriate action. v. maintain records of the decisions of the Trustees at their meetings and of the minutes of the meetings. Cangrowth Plus and Can D' Mat Schemes were merged with Canfortune' 94 Scheme with effect from 20th March, 2007. (Now renamed as Canara Robeco Fortune'94).
5. Management of the Fund

a) Asset Management Company The AMC has been set up in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996. An Investment Management Agreement has been signed between the Fund and the AMC on 16th June, 1993 (as amended from time to time) whereby the AMC is empowered to manage the affairs of the Fund and manage its various schemes. Pursuant to the joint venture documents signed between Canara Bank and Robeco Groep N. V, on 26.09.2007, Robeco India Holding B. V. acquired 49% stake in the AMC. Canara Bank retained the remaining 51%. Consequent to this, the Fund was renamed as Canara Robeco Mutual Fund and the AMC as Canara Robeco Asset Management Company Ltd. The Schemes of the Fund have accordingly been renamed to reflect the joint venture. The AMC is also the Sub-Investment Manager in respect of Canbank (Offshore) Fund. Controls and safeguards as suggested by SEBI vide letter No. IIMARP/3219/94 dt. 27.05.1994 for managing the Offshore Fund is being adhered to and there is no conflict of interest in managing the Schemes of the Fund and Canbank (Offshore) Fund. The Fund has launched 30 Schemes since its inception. The Fund acquired four schemes from GIC Mutual Fund on 15.10.2005. Out of these, 16 Schemes have been fully redeemed / terminated / merged so far. Currently the Fund has 18 Schemes which are being managed by the Investment Manager. As on 31.12.2007, the total corpus was Rs. 1894.78 crores and total net assets stood at Rs. 2703.14 crores. b) Board of Directors The Board of Directors of the AMC comprises the following eminent personalities: Mr. M. B. N. Rao ( Chairman) (Associate Director) Chairman & Managing Director Canara Bank Head Office, 112 J C Road Bangalore 560 002 General Manager Treasury & International Wing Canara Bank 7th Floor, Maker Chambers III Nariman Point, Mumbai 400 021 Managing Director (International Affairs) Robeco Groep N.V. 120, Coolsingel, 3011, Rotterdam A G. The Netherlands, Managing Director (Chief Financial Officer) Robeco Groep N.V. 120, Coolsingel, 3011, Rotterdam A G. The Netherlands 53, Garden Manor S. B. Road, Lady Hill Mangalore - 575 006 Partner, M/s.Khandelwal Jain & Co. Chartered Accountants 6 - B Pil Court, 111, M K Road Churchgate, Mumbai 400 020 02 GFA Laburnum Court Green Sector 28, Sushant Lok Gurgaon 122 002, Haryana. 51, Hill Park, A.G. Bell Marg Malabar Hill, Mumbai 400 006. Robeco Groep N.V Coolsingel,120 NL 3011AG, Rotterdam.
vi. prescribe and adhere to a code of ethics by the Trustees, AMC and its personnel. vii. communicate in writing to the AMC of the deficiencies and checking on the rectification of deficiencies in the working. f. The Trustees shall ensure that no change in the fundamental attributes of any Scheme or the trust or fees and expenses payable or any other changes which would modify the Scheme and affects the interest of unit holders, shall be carried out unless : i. a written communication about the proposed change is sent to each unit holder and an advertisement is given in one English daily newspaper having nation-wide circulation as well as in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated; in respect of open ended Schemes ; and the unit holders are given an option to exit at the prevailing NAV without any exit load.
ii.
No amendment to the Trust deed will be carried out without the prior approval of the SEBI and Unit holders' approval will be obtained where amendments affect their interest. The procedure for obtaining approval of the unit holders, wherever necessary, will be in accordance with the Regulations / Circulars or as may be prescribed by SEBI. The Board of Trustees meets at regular intervals, at which reports pertaining to the performance of the Schemes / compliance with statutory requirements / Trustees' orders are placed. Apart from the said reports, the AMC also submits reports and information called for by the Trustees. In terms of the Third Schedule to the Regulations, a meeting of the Trustees is required to be held at least once in every two months and six such meetings are required to be held in a year. The Board of Trustees have met 6 times during 2004-2005 and 6 times during 2005 2006, 7 times during 2006-2007 and 6 times from 01.04.2007 to 31.12.2007. Trusteeship Fees: The Trustees shall be entitled to charge a trusteeship fee of 0.05% of the Net Assets of the Scheme, to meet the expenses and contingencies. However, currently, Trustees shall not levy the fee for this Scheme. Transfer Of Gic Schemes Pursuant to the Deed of Transfer dated 16.09.2005, GIC Mutual Fund (GICMF) Trustees in their capacity as trustees for the Transferred GIC Mutual Fund Schemes conveyed and transferred unto the Fund all legal ownership and right, title and interest in the corpus comprising investments, cash and other assets together with liabilities and obligations (hereinafter referred to as the said Transferred GIC Mutual Fund Corpus) forming part of Transferred GICMF Schemes and in any wise belonging or pertaining to or usually held, owned or possessed by GICMF Trustees in the name and style of GICMF in respect of the Transferred GICMF Schemes and to hold the same in trust for and for the benefit of the unit holders as the beneficial owners thereof. SEBI vide its letter No. IMD/MHS/47185/2005 dated 17.08.2005 has conveyed its 'No Objection' to the proposal for take over of the schemes of GICMF by the Fund. Accordingly, the Fund have assumed the trusteeship, management and administration of the following schemes of GICMF w.e.f. 15.10.2005 with the AMC as the asset management company for the following schemes of GIC Mutual Fund. Redeemed Schemes GIC Rise 91, GIC Rise II, GIC Big Value, GIC Suraksha 96, GIC Growth Plus, GIC Taxsavers Growth Plan, GIC Taxsaver'95. Open ended Schemes : Upon takeover of the under mentioned four schemes by CRMF, the schemes are renamed as under: Schemes under GIC MF GIC Balanced Fund GIC Fortune '94 GIC Growth Plus II GIC D'Mat New Names under The Fund Canbalance II ( Canara Robeco Balance II) Canfortune '94 ( Canara Robeco Fortune94) Cangrowth Plus Can D' Mat
Mr. M. V. Shenoy (Associate Director)
Mr. Franciscus L. Kusse (Associate Director)
Mr. Constant T. L. Korthout (Associate Director)
Dr. Navinchandra K. Thingalaya (Independent Director) Mr. Pankaj Jain (Independent Director)
Mr. Arvind Sethi (Independent Director) Mr. Naveen Kumar Kshatriya (Independent Director) Ms. Maria J .W. Klerkx Alternate to Associate Director, Mr C.T.L. Korthout
Apart from the associate directors listed above, none of the other Director(s) is or has been, during the last three years, an associate of the Sponsors. c) AMC Fees : For management of Canara Robeco Interval Scheme, the Investment Manager is

entitled to charge a fee not exceeding 1.25% of the average weekly net assets of Scheme. However, the Investment Manager may change the same within the overall limits prescribed by SEBI (MF) Regulation. In future, the Investment Manager may modify the fee within the limits specified in the Regulations and disclosed in the Offer Document of the Scheme. For Canara Robeco Interval Scheme, the total annual scheme recurring expenses is capped at 1.00% and 0.75% of the weekly average net assets of the Scheme for Retail Plan and Institutional Plan respectively. d) Fund Manager: Sri A. K. Rao, B. Sc., MBA, LLB(Gen), CAIIB(I) Experience : A decade of experience in various facets of commercial and development banking. Joined the Fund in 1992 and worked in fund management and research. He is currently the fund manager of Canara Robeco Liquid , Canara Robeco Liquid Plus , Canara Robeco Fixed Maturity Plan and Canara Robeco Floating Rate Schemes. The AMC will have the discretion to change the Manager depending on the operational requirement. e) Compliance Officer : Smt.Trupti Vyas Canara Robeco Asset Management Company Ltd. Construction House, 4th Floor, 5 Walchand Hirachand Marg, Ballard Estate, Mumbai - 400 001 f) Key Employees of the AMC The day to day operations of the Investment Manager is managed by the following key personnel: Total experience and assignments during the last 10 years. 25 years of experience in financial sector. Senior Management positions in ANZ Grindlays Bank and Standard Chartered Bank (Oct. 1982 to Sept. 2003). Chief Executive Officer, Alliance Capital (Sept.2003 Dec.2005). Chief Executive Officer, DBS - Chola Asset Management. (Jun. 2006 to Jul. 2007) 2 Mr. Paul J. M. Vrancken 33 B. Com., 11 years experience in financial Chief Operating Officer CMA,CFM sector. Till May 2001 as Senior Advisor, Arthur Anderson Corporate Finance, Amsterdam. Vice President, Strategy and M & A, Robeco Greop N V, Rotterdam from Jun. 2001 till date 3. Mr. Sanjay Santhanam 40 B.Tech, PGDM 16.5 years of which 2 years in Head Sales & Marketing (IIM, Bangalore)Lintas India Ltd. 4 years in Contact Advertising, 3 years in ANZ Grindlays Bank and 7.5 years in Sundaram BNP Paribas Mutual Fund. 4 Mr. S. Santhanam 53 B.Sc., CAIIB 35 years : 23 years in Commercial Executive Vice President Banking and 12 years in Investment Banking 5 Mr. S. L. Manjrekar 60 B.A.(Hons.), 38 years in legal, secretarial, Sr. Vice President L.L.B., ACS general management, administration and compliance, of which the last 15 years, with the AMC. 6 Mr. S. R. Ramaraj 48 M.Sc., CAIIB 22 years : 6 years in investment Sr. Vice President Grad. CWA, banking and the last 16 years, with the AMC in debt management and Systems. 7 Mr. V. Ramesh Nayak 54 B.Com., CAIIB 32 years : 16 years in commercial Sr. Vice President banking (forex) and last 16 years, with the AMC in fund management, research, dealing and marketing. Sr. Name and Designation Age Qualification No. 1 Mr. Rajnish Narula 48 B. Com., Chief Executive Officer M.B.A.(USA) 8 Mr. U. R. Rao Sr. Vice President 54 B.com., L.L.B. Total Experience of 35 years of CAIIB which first 18 years with Canara Bank and last 17 years with AMC in Research, Marketing, Primary Market, Dealing and Fund Management C.S, L.L.B. 5 years of experience in financial sector. C.S. Management Trainee in Infrastructure Leasing & Financial Services Limited (IL&FS) (July 2001 October 2002), Associate Editor in Lexsite.com Ltd. (January 2003 January 2004), Deputy manager Compliance in Benchmark Asset Management Co. Pvt. Ltd. (April 2004 December 2004), Company Secretary & Compliance Officer , DBS Cholamandalam Asset Management Ltd. (January 2005 December 2007).
9. Ms. Trupti Vyas Compliance Officer
31
g) The composition of the Research Department is as under: Sr. Name and Designation Age Qualification No. 1 Mr. U. R. Rao 54 B.Com., Head of Research L.L.B., CAIIB Total experience and assignments during the last 10 years. Total Experience of 35 years of which first 18 years with Canara bank and last 17 years with AMC in Research, Marketing, Primary Market Dealing and Fund Management. 39 B.Sc., MMS Total experience 15 years including 14 years in equity research with the AMC.
Ms. Hemangi V. Sista Research Analyst
h) Registrar : The Registrar & Transfer Agents work will be handled by: Computer Age Management Services Pvt. Ltd. 178/10 K. H. Road, Opp. Palmgroove Hotel Nungambakkam, Chennai 600 034 Tel No. (044) 39115574, 39115583, Email: enq_@camsonline.com The above Registrar is registered with SEBI vide Regn No. INR0000003621 dated 31.05.2001 The Registrar & Transfer Agents have adequate capacity to discharge responsibilities with regard to processing of applications and despatching of Statement of Account to the unit holders within the time limit prescribed in the Regulations and also has sufficient capacity to handle investor complaints. The Trustees reserve the right to change the R&T Agents, as may be required from time to time, to ensure high service standards required for the Scheme. I) Custodian : HDFC Bank Ltd., Sandoz House, Dr. Annie Besant Road, Worli, Mumbai 400 018 has been appointed as the Custodian to the Scheme. The Custodian is registered with SEBI under Registration No.IN/CUS/001 dated 2nd February, 1998. The Trustees have entered into an agreement with the Custodian dated 7th May, 1997. The salient features of the above Agreements are as under: a. Provide post trading and custodial services to the Mutual Fund b. Ensure benefits due on the holding are received c. Provide management information and other reports as required by the Investment Manager d. Maintain confidentiality of the information. e. Be responsible for the loss and damage to the assets of the Scheme due to the negligence on its part or on the part of its approved agents. f. Segregate assets of the schemes. g. Not to assign, transfer, hypothecate, pledge, lend, use or otherwise dispose of the assets or property, except pursuant to instructions from the Trustee/Investment Manager or under express provisions of the Agreement. h. Not to deal on its own account, in securities purchased or sold by the Mutual Fund, without making adequate disclosure to SEBI, the Trustee, and the Investment Manager.

i. The Custodian will be entitled for his remuneration as per the agreement. However, the Trustees, if required, may consider appointing any other custodian who is registered with SEBI. j) Auditors to the Schemes : M/s. Chokshi & Chokshi, Chartered Accountants, having their Office at 101/102, Kshamalaya 1st Floor, 37, Sir V. Thackersey Marg, Mumbai 400 020 will be the Auditors to the Scheme. The Trustees shall review the appointment of Auditors at such intervals as may be deemed fit. The AMC reserves the right to change the Auditors at any time with the approval of the Trustees and the Board of Directors of the AMC. Daily Dividend Reinvestment (Annualised Period 01.12.06 TO 31.03.07 Short Term Plan (%) Ind. & HUF 7.2068 01.04.07 to 31.12.2007 6.10603 The condensed financial information of Floater Scheme is as under Date of Allotment - 04.03.2005 Net Asset Value at the beginning 04.03.2005 (Rs. per unit) Income Option Growth Option Weekly Dividend Reinvestment Daily Dividend Reinvestment Net Income per unit (Rs.) Income Distribution (Re. Per unit) Income Option Individual & HUF Other Weekly dividend reinvestment option Individual & HUF Other Daily dividend reinvestment option (since 02.12.2006) Individual & HUF Other Transfer to Reserves (Rs. In crores) Short Term Plan Dividend Short Term Plan Weekly Dividend Short Term Plan Daily Dividend Short Term Plan Growth Option Net Asset Value at the end of the Year / period (Rs. Per unit) Income Option Growth Option Weekly Dividend Daily Dividend Absolute Return (*) /CAGR Canara Robeco Floating Rate Scheme Crisil Liquid Fund Index (Benchmark Index) Net Asset at the end of period (Rs. in crores) Ratio of Recurring Expenses to Net Assets (%) 04.03.05 to 31.03.05 01.04.05 to 31.03.06 01.04.06 to 31.03.07 01.04.07 to 30.09.07 Others 6.7115
6. Past Schemes
Canara Robeco Emerging Equities (Emerging Scheme), an open ended equity Scheme was launched on 11.02.2005 which collected Rs. 57.30 crore, during the NFO. The units under NFO were allotted on 11.03.2005. Out of the total new fund offer expenses of Rs 181,19,532.00, expenses of Rs.1,55,49,219.00 were borne by Emerging Scheme and expenses of Rs.25,70,313.00 were borne by the Asset Management Company. The Net Assets of Emerging Scheme as on 31.12.2007 was Rs. 220.45 crores and declared dividend of 50% so far. The condensed financial information of Emerging Scheme is as under: 11.03.05 to 31.03.05 01.04.05 to 31.03.06 01.04.06 to 31.03.07 01.04.07 to 30.09.07
10 10 --0.125 --
10.0489 10.0489 --0.5107 0.3508 0.3267
10.2551 10.6629 10.26 -0.9588 ---
11.0317 11.4703 10.2724 10.261 0.62 ---
Date of Allotment - 11.03.2005 Net Asset Value at the beginning 11.03.2005(Rs. per unit) Income Option Growth Option Bonus Option Net Income per unit (Rs.) Income Distribution (Rs. Per unit) Transfer to Reserves (Rs. In crores) Income Option Growth Option Bonus Option Net Asset Value at the end of the year / period(Rs. Per unit) Income Option Growth Option Bonus Option Absolute Return (*) / CAGR Canara robeco Emerging Equities Scheme BSE 200 (Benchmark Index) Net Asset at the end of period (Rs. in crores) Ratio of Recurring Expenses to Net Assets (%)
0.346591 0.64635 0.32277 0.601927
0.315059
10 10 10 -0.39 --1.33 -0.78 0
9.62 9.62 9.62 7.21 2 4.26 2.94 0.02
13.95 15.94 15.94 1.86 -0.97 0.2 0.002
12.38 14.52 14.52 2.21 3 0 0.85 0.01
- 0.13 0.5 3.32 8.5
0.245122 0.228275 0.03 -2.57 6.36 30.45
0.311007
--0.68 12.18
9.62 9.62 9.62
13.59 15.94 15.94
12.38 14.52 14.52
12.54 14.71 14.71
10.0489 10.0489 -
10.2551 10.6629 10.26 --
11.0317 11.4703 10.2724 10.261
11.4682 11.9242 10.2666 10.2602
(3.80)* (5.91)* 53.54 2.37
55.64 49.86 18.89 2.5
19.94 29.08 14.09 2.33
31.99 38.57 17.98 1.25
0.49* 0.34 79.28 0.75
6.2 4.84 305.56 0.47
6.81 5.58 603.07 0.5
7.12 6.07 674.48 0.25
Income Plan Growth Plan Bonus Plan Net Asset Value as on 30.09.2007 p.u 17.73 25.72 21.53 Annualised Compounded Return as on 31.12.2007( %) 40.00 40.00 38.70 Benchmark BSE 200 45.77 45.77 45.77 Past performance may or may not be sustained in future. Canara Robeco Floating Rate (Floater Scheme), an open ended debt scheme was launched on 08.02.2005. which collected Rs.307.00 crore, during the NFO. The units under NFO were allotted on 04.03.2005. The entire new fund offer expenses of Rs.6,18,692.00 were borne by Asset Management Company. The Net Assets of Floater Scheme as on 31.12.2007 was Rs.609.15 crores and declared 4% (Pre-tax) maiden dividend in Income Plan under Short Term Plan. Floater Scheme has also declared dividend under its Weekly/ Daily Dividend Reinvestment Option as under: Weekly Dividend Reinvestment (Annualised) Period 01.04.05 to 31.03.06 01.04.06 to 31.03.07 01.04.07 to 31.12.2007 Short Term Plan (%) Ind. & HUF 5.4800 6.19.7 Others 5.1034 5.8991
Income Plan Growth Plan Net Asset Value as on 31.12.2007p.u Annualised Compounded Return as on 31.12.07 ( %)
Weekly Daily Dividend Dividend Reinvestment Reinvestment 10.2701 5.97 10.2600 5.67
11.6987 7.20
12.1665 7.20
Benchmark Crisil Liquid Fund Index --Past performance may or may not be sustained in future.
--
Canara Robeco Multicap, (Multicap Scheme) a close ended equity scheme was launched on 05.12.2006 which collected Rs. 219.98 crores, during the NFO. The units under NFO were allotted on 02.02.2007. The entire new fund offer expenses of Rs. 8,41,07,537.52 were borne by Multicap Scheme. The Net Assets of the Scheme as on 31.12.2007 was Rs. 226.97 crores. The condensed financial information of Multicap Scheme is as under:

Date of Allotment - 02.02.2007 Net Asset Value at the beginning - 02.02.2007(Rs.per unit) Income Option Growth Option Net Income per unit (Rs.) Income Distribution (Re. Per unit) Transfer from Reserves (Rs. In crores) Income Option Growth Option Net Asset Value at the end of the year / period (Rs.Per unit) Income Option Growth Option Absolute Return (*) Canara Robeco Multicap Scheme BSE 200 (Benchmark Index) Net Asset at the end of period (Rs. in crores) Ratio of Recurring Expenses to Net Assets (%) 02.02.07 to 31.03.07 10 10 -0.33 --4.92 -2.27 9.68 9.68 -3.2 -9.9 213.01 1.81 01.04.07 to 30.09.07 9.68 9.68 0.88 -9.52 4.51 12.78 12.78 32.02 36.11 216.11 0.89 investments that may be permitted by SEBI from time to time. 2. 3. 4. 5. The unit holders who claim the redemption amount during the period of three years from the due date shall be paid at the prevailing Net Asset Value. After a period of 3 years, such amounts can be transferred to pool account and the unit holders can claim the amount at NAV prevailing at the end of third year. The income earned on such funds after completion of 3 years may be utilized for the purpose of investor education. The management fee charged the AMC for managing such unclaimed amounts shall not exceed 0.50% of the average weekly net assets.
In terms of the above circular, the Fund reminds the investors about the position of unclaimed redemption/dividends through individual communication periodically. The Fund reminds the investors of unclaimed Redemption and unclaimed dividend amount through newsletters and other communications, regularly. The Investors who have not received / encashed the dividends distributed by the Schemes, may write to the respective registrars, duly furnishing the Name of the Scheme, Folio Nos. and the details of dividends not received.
Income Plan Growth Plan Net Asset Value as on 31.12.07 p.u Absolute Annualised Absolute Return as on 31.12.07 ( %)(*) Benchmark BSE 200 Past performance may or may not be sustained in future. (*)Absolute return is given as the Scheme is in existence for less than one year. Canara Robeco Fixed Maturity Plan (SERIES 13 M SR I) (FMP Scheme) a close ended fixed maturity debt scheme was launched on 16.03.2007which collected Rs. 119.79 crores, during the NFO. The units under NFO were allotted on 30.03.2007. The entire new fund offer expenses of Rs. 13,29,077.00 were borne by the AMC. The Net Assets of the FMP Scheme as on 31.12.2007 was Rs. 126.18 crores. The condensed financial information of the FMP Scheme is as under: 30.03.07 to 31.03.07 10 10 0.0124 0 0.14 10.0171 10.0171 0.17 N A ** 120 0.4 01.04.07 to 30.09.07 10.0171 10.0171 0.54 -0.09 6.23 10.627 106270 6.09 4.46 125.14 0.2 15.65 56.50 53.76 15.65 56.50 53.76
7. Investment Objectives and Policies

a) The Scheme: Canara Robeco Mutual Fund proposes to launch Canara Robeco Interval Scheme with the objective of inviting subscriptions from Individual investors, Corporates, Institutions, Trusts etc. The fundamental attributes and salient features of the Scheme are set out below for the purpose of inviting subscriptions to the Scheme. The Offer Document was approved by the Board of Trustees of the Fund on 22.06.2007. In compliance of SEBI Circular No. SEBI/IMD/CIR No. 5/70559/06 dt. 30.06.2006, the Trustees have ensured that the Canara Robeco Interval Scheme, a debt oriented interval scheme approved is a new product offered by the Fund and is not a minor modification of the existing scheme. Fundamental Attributes b) Type, Nature & Duration of the Scheme: A Debt Oriented Interval Scheme comprising of three Schemes namely, Monthly Interval Scheme, Quarterly Interval Scheme and Annual Interval Scheme. The Fund proposes to launch one series under each scheme. The Trustees reserve the right to change the frequency of launching a scheme or not to launch a scheme by issuing an addendum and public notice/ press release in this regard. c) Objective of the Scheme: To generate returns and growth of capital by investing in Central and State Govt. securities and other fixed income / debt securities normally maturing within the maturity of interval plan to insulate the portfolio from interest rate volatility. d) Asset Allocation : The Asset Allocation pattern of the Scheme under normal circumstances would be as under: INSTRUMENTS Debt Securities including securitised debt having rating above AA or equivalent, Central / State Govt. Securities and Money Market Instruments % of Investible Funds (indicative) 100% Risk Profile Medium to low
Date of Allotment - 30.03.2007 Net Asset Value at the beginning- 30.03.2007 (Rs. per unit) Income Option Growth Option Net Income per unit (Rs.) Income Distribution (Re. Per unit) Transfer to Reserves (Rs. In crores) Income Option Growth Option Net Asset Value at the end of the year / period(Rs. Per unit) Income Option Growth Option Absolute Return (*) Canara Robeco Fixed Maturity Plan Series 13 M SR I Crisil Composite Bond Fund Index (Benchmark Index) Net Asset at the end of period (Rs. in crores) Ratio of Recurring Expenses to Net Assets (%)
(*)Absolute return is given as the Scheme is in existence for less than one year. Income Plan Growth Plan Net Asset Value as on 31.12.2007 p.u Annualised Absolute Return as on 31.12.2007 ( %) Benchmark Crisil Composite Bond Fund Index Disclosure - Unclaimed Redemption and Dividend Amounts As per circular No. MFD/CIR/9/120/2000, dated November 24, 2000 issued by SEBI, the unclaimed redemption and dividend amounts shall be deployed by the Fund as under: 1. The Fund may deploy the unclaimed Redemption and Dividend amounts in Call Money Market or Money Market instruments or such other instruments / 10.9113 9.11 7.14 10.9113 9.11 7.14
Investment by the Scheme in securitized debt is limited to domestic securitized debt and shall not exceed 50% the net assets at the time of investment. Investment by the Scheme in derivative instruments (Interest Rate Swaps (IRS) and Forward Rate Agreements (FRA) shall not exceed 30% of the net assets of the Scheme as on the date of such investments. Pending deployment of the funds of the Scheme in securities pursuant to investment objectives of the Scheme, such funds may be invested in short term deposits of scheduled commercial banks or in call deposits and other money market instruments in accordance with SEBI Circular no. SEBI/IMD/CIR No.1/91171/07 dated 16th April, 2007. Investors are advised to note that, variation in the above asset allocation may go beyond the maximum limit specified under each class upto 100% and may go below
10

the minimum specified limit under each class upto 0% in the circumstances mentioned below : Investment Pattern and changes : The above investment pattern is indicative and may be changed by the Investment Manager for defensive considerations and in accordance with change in Regulations from time to time, under the following circumstances : 1. 2. 3. During extreme volatility / ill-liquidity in the capital market/securities market. In case of natural calamity, strikes, riots, bandhs etc., affecting the valuation of security. Declaration of war or occurrence of insurgency, or any other serious or sustained financial, political or industrial emergency or disturbance, resulting in liquidity crunch. During the time the Scheme receives bulk repurchase and/or bulk investment. from 1 year to 25 years whereas the maturity period of the Corporate Debt varies from 1 year to 10 years. Securities may be listed or unlisted. The current yields and liquidity in various securities are as under : Issuer GOI GOI GOI GOI GOI GOI Corporates Corporates Corporates Corporates Instrument Treasury Bill Treasury Bill Short Medium Long Long Taxable Bonds (AAA) Taxable Bonds (AAA) Taxable Bonds (AAA) CP (P1+) CBLO Maturity 91 days 364 days 1 Year 3 Years 5 Years 5 - 10 Years 1 year 3 Years 5 Years Annualised Liquidity Yields* (in %) 7.05 7.62 7.66 7.69 7.67 7.79 9.10 9.13 9.15 High High High High High High Medium Low to Medium Low to Medium
4.
A review will be made as and when such variation takes place, and, if the variation is beyond 10%, the reasons thereof will be recorded. The variation from the stated asset allocation will be constantly monitored and such variation will be brought down to the specified asset allocation levels as soon as the normalcy is restored. A report of such variations will be made to the Board of the AMC and the Trustees on a regular basis. e. Capital Market : This brief on the securities market is intended to inform the investors the details such as type of securities, risk profiles, likely yield and liquidity of the instruments available in the market. This section covers monitoring exposure of the Scheme to a particular class of security. Debt Instruments - include Govt. of India securities (zero coupon or coupon bearing Bonds), State Govt. Bonds, Bonds issued by local Govt, Govt. Agencies and other statutory bodies (with or without Govt. Guarantee), Bonds of Public Sector Undertakings, Debentures issued by public / private sector undertakings, Financial Institutions with or without ratings, Securitised Debt, Usance Bills and other domestic instruments either listed or unlisted having a maturity of more than 365 days. Money Market Instruments - include Commercial Papers, Commercial Bills, Treasury Bills, Government Securities having an un-expired maturity up to one year, Call or Notice Money, Certificate of Deposit, Usance Bills and any other like instruments as specified by the Reserve Bank of India / SEBI, from time to time. The Scheme proposes to invest in Collateralised Borrowing Lending Obligation (CBLO), Repos Treasury Bills, MIBOR Instruments, CPs, CDs and Govt. Securities having un-expired maturity up to one year. These securities may be listed or unlisted. The current yields under various securities are as under : Issuer GOI GOI GOI Corporates Instrument Treasury Bill Treasury Bill Short Term CP/CD (P1+) CBLO Maturity 91 days 364 days One Year Three Months On Demand Annualised Liquidity Yields* (in %) 7.05 7.62 7.66 8.10 High High High Medium to High
3 Months 8.10 Medium to High On Demand 6.35% to 7.75% High
* As at 31.12..2007 The yields are likely to vary depending on market conditions. iv. In the case of investment in debt instruments, the Fund adheres to the general prudential investment guidelines such as promoters' track record, credit rating awarded to the instrument by the reputed credit rating agencies, security offered, duration of the debt instruments, purpose for which the finance is being raised and the sector/ line of business of the company etc., keeping in mind the general trend and their growth prospects for the industry in general and company in particular during the period of repayment of the debt etc. v. The AMC aims to identify the securities, which gives superior levels of yield at lower levels of risks. With the aim to minimise the risk associated with the debt securities particularly the credit risk, the Fund manager and the debt research department thoroughly evaluate the proposal before taking investment decision.
vi. The Scheme aims to diversify the risk associated with the investment in Govt. securities by investing in actively traded liquid securities with different coupon rates and maturities. The Scheme aims to maximise the portfolio return by actively churning the securities of different maturities by keeping constant track on the market and encash on the opportunities that present themselves from time to time on account of interest rate movement due to Govt. policy, borrowing programmes of the Govt., RBI open market operations and the money market situation in the country etc. Investment in Securitized Debt : Securitised Debt is a financial instrument (bond) whose interest and principal payments are backed by an underlying cash flow from another asset. Asset Securitisation is a process whereby commercial or consumer credits are packaged and sold in the form of financial instruments. A typical process of asset securitisation involves sale of specific receivables to a Special Purpose Vehicle (SPV) set up in the form of a trust or a company. The SPV in turn issues financial instruments (promissory notes, participation certificates or other debt instruments) also referred to as Securitised Debt to the investors evidencing the beneficial ownership of the investors in the receivables. Investment in Securitized Debt includes investment in Asset Backed Receivables and Future Flow Receivables. Such Securitized Debts are asset classes like, personal vehicle receivables, commercial vehicle receivables, mortgage backed receivables i.e housing finance receivables, lease receivables and corporate/consumer loan receivables. The Scheme intends to invest in any or all classes of these securitized assets which are rated not below the investment grade. Following are the risk perceived under each of the underlying assets of the Securitized Debt 1) Loss due to default and/or payment delay on receivables., 2) Risk due to possible prepayments. 3) Limited loss cover, Delinquency and credit risk. 4) Originator/Collection Agent Risk. 11
6.35 to 7.75% High
* As at 31.12.2007. The yields are likely to vary depending on market conditions. Debt and Money Market i. ii. The market for debt instruments in India is estimated at over Rs. 6,50,000 crores. A major part of the debt market consists of GOI Securities. Govt. securities market is the largest market and the most liquid market in India. With the support and the priority given by the Govt., It is believed that Govt securities market is likely to witness stupendous growth during the coming days as Central and the State Govt. are required to raise large sums of money from the market to meet revenue and capital expenditure. Banks, Financial Institutions, Provident Funds and Insurance Companies are required by various statutes to invest a portion of these funds in Govt. securities and are big investors in the market.
iii. Besides Govt. Securities, Debt markets currently comprise the following instruments: Corporate Debentures, PSU Bonds, Fixed Coupon Bonds, Floating Rate Bonds, Zero Coupon Bonds, Promissory Notes, Commercial Paper, Certificate of Deposit and Securitised Debt. The maturity of GOI Securities vary

5) Bankruptcy of the Originator and 6) Co-mingling of funds. These risks are being minimized by investing in rated securitized debt (rating being assigned by an approved credit rating agency) and limiting the Scheme exposure to 50% of the net assets of the Scheme. Investment Focus and strategy : The Scheme will invest in debt securities in order to generate consistent superior risk adjusted returns as per the investment objectives of the scheme. The Schemes may invest a portion of the portfolio in Money Market Instruments to meet the repurchase requirements. The remaining investment will be made in securities of varying maturity. However, the maturity of the portfolio will normally be in line with the maturity period of the respective plans in the series. The Scheme shall take into account the following parameters while decisions for investments are taken Liquidity of securities, rating, maturity profile, company's growth prospects, quality of the security, and prevailing interest rate scenario. The Scheme will also take into account risk management tools like modified duration, VAR and convexity for efficient management of the Scheme investments. The Scheme may also use various derivatives and hedging products from time to time as would be available and permitted by SEBI in an attempt to protect the value of the portfolio and enhance the Unit holder's interest. The Scheme may invest in other interval schemes managed by the AMC or such schemes managed by any other mutual funds, provided it is in conformity with the investment objectives of the Scheme and in terms of the prevailing Regulations. In addition, the Investment Manager will monitor the macro economic conditions, including the political, economic environment and factors affecting liquidity and interest rates. The Investment Manager would use this analysis to assess the likely direction of interest rates and position the portfolio appropriately to take advantage of the same. Apart from investment restrictions under the Regulations, the Fund does not presently intend to follow any internal norms vis-a-vis limiting exposure to a particular security or sector etc. However, the Fund may consider imposing any restrictions depending on the changes in the investment environment from time to time. f) Procedure followed for investment decision: The procedure followed for investment decisions is as under: The daily recommendations of the Fund Managers of the Schemes to buy or sell various securities, after giving due regard to the liquidity requirements of the respective schemes and their investment objective, will be placed (along with relevant information including research report from Research Department supported by justifications) before the Market Operation Committee (MOC). The MOC headed by the Chief Executive Officer of the AMC and consists of Chief Operating Officer, Executives in charge of Equity, Debt & Money Market, two senior level executives (Sr Vice President/Vice President). The MOC considers the recommendations and records the buy or sell decisions in writing. The decisions will be noted by the Chief Executive Officer and in his absence by the Chief Operating Officer. The executives in charge of Equity, Debt & Money Market of the AMC shall be responsible for investment/disinvestment decisions in their respective segments. Reporting System to the Board: Monthly reports on Market Operation i.e. covering equity and debt transactions are placed before the Board containing appropriate information with regard to buying and selling of securities. The corpus of the Canara Robeco Interval Scheme under its various plans/options will be invested in securities mentioned above. It is proposed to compare the performance with the respective benchmark indices by the AMC on a monthly basis and place before the Board of Directors/Trustees on a quarterly basis for review g) Benchmark Index : As approved by the Board of Directors/Trustees the Schemes have currently selected the following indices as benchmark indices for the Scheme Monthly Interval Scheme - Crisil Liquid Fund Index Quarterly Interval Scheme - Crisil Liquid Fund Index Annual Interval Scheme - Composite Short Term Bond Fund Index The Investment Manager may revise the same to a more appropriate benchmark index, if any, as and when formulated by competent agencies. AMC may give its comments/perception on comparison of returns and benchmarks, if desired.
n
h) Investment Plans/Options : Canara Robeco Interval Scheme provides two Plans 1) Retail Plan 2) Institutional Plan Under Retail and Institutional Plan the following options are also provided for the benefit of investors: 1) Growth Option 2) Dividend Option
n
Growth Option: Under this Option, the surplus earned by the Scheme will remain in the Scheme and will be reflected in the Net Asset Value. Dividend Option: Under this option, the Scheme proposes to distribute surplus, if any, by way of Dividend as may be decided by the Trustees from time to time.
n
Dividend Reinvestment: Under this Option, the Scheme proposes to distribute surplus, if any, by way of Dividend, as may be decided by the Trustees from time to time. Such dividend declared by the Trustees will be reinvested in the Scheme by way of units of the Scheme. The dividend reinvestment option shall be available to the investors during the specified transaction period only. Dividend Payout: Under this Option, the Scheme proposes to distribute surplus, if any, by way of Dividend, as may be decided by the Trustees from time to time. Such dividend declared by the Trustees will be distributed to the investors. .
Dividend Reinvestment The Trustees reserve the right to declare periodical dividend / income distribution. Such dividends declared shall be reinvested in the Scheme without being distributed amongst the investors. The dividend so receivable by them shall be invested in the Scheme by way of additional units and the dividend due and payable to the unit holders will be compulsorily and without any further act by the unit holders reinvested in the Scheme. The dividends so reinvested shall be constructive payment of dividends to the unit holders and constructive receipt of the same amount from each unit holder, for reinvestment in units. On reinvestment of dividends, the number of units to the credit of unit holder will increase to the extent of the dividend reinvested divided by the first 'Ex-income Distribution NAV' on the day of reinvestment as explained above. There shall, however, be no entry load on the dividends so reinvested. The dividend reinvestment option shall be available to the investors during the specified transaction period only. Default Option: In case the investor fails to specify their preference, it would be construed that the investor has opted for Growth Option. i) Other Terms of Issue : The nature and duration of the Scheme, provision for repurchase, Schemes' expenses and fees, are stated elsewhere in the Offer Document. The Trustees shall ensure that no change in The Fundamental attributes of any Scheme or the trust or fees and expenses payable or any other change which would modify the Scheme and affects the interest of unit holders, shall be carried out unless i. a written communication about the proposed change is sent to each Unit Holder and an advertisement is given in one English daily newspaper having nation-wide circulation as well as in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated; and the unit holders are given an option to exit at the prevailing Net Asset Value without any exit load. Liquidity Management:
ii. j)
Cash surplus/balance of any of the funds will be deployed in Reverse Repo / other money market instruments / Collateralised Borrowing and Lending Obligations (CBLO) and bank deposits, pending deployment of funds as per investment objective of the Fund. The scheme may also keep a portion in cash or near cash in meeting the expenses of the Scheme. k) Portfolio Turnover Policy : Purchase and Sale of securities attract transaction costs of the nature of brokerage, stamp duty, custodian transaction charges etc. The portfolio turnover is essential to regularly explore trading opportunities to optimise returns for the Scheme and enable portfolio restructuring when required. The Scheme will manage its portfolio taking into account the associated risks (such as interest / liquidity / redemption etc.) perceived / expected, so as to minimise the risks by using adequate risk management techniques. The portfolio turnover policy will be aimed at maximising the returns/growth.In terms of the objective of the scheme, the investments are made in securities having an unexpired maturity in line with the
12

maturity period of the plans. Hence the portfolio turnover will depend upon the outflow on account of any redemptions and also the volatility of interest rates and the scheme aims to maintain a low portfolio turnover ratio. Pursuant to Schedule IX read with Regulation 50 of the SEBI (Mutual Funds) Regulations, 1996, the cost of investments acquired or purchased shall include all such costs incurred for effecting the transaction while the sale proceeds of investment sold or redeemed shall be net of all such costs incurred for effecting the sale transactions and shall form part of the purchase or the sale value of investments. l) Underwriting : The Schemes may take up underwriting of other issues subject to the relevant SEBI Regulations and as may be permitted by the Board of Directors of the Investment Manager. Regulation 46 of SEBI (Mutual Funds) Regulations,1996, states that : Mutual Funds may enter into underwriting agreement after obtaining a certificate of registration in terms of the SEBI (underwriters) rules and SEBI (underwriters) Regulations, 1993, authorising it to carry on activities as underwriters. i. ii. For the purpose of these Regulations, the underwriting obligation will be deemed as if the investments are made in such securities. The capital adequacy norms for the purpose of underwriting shall be the net assets of the Scheme. Provided that the underwriting obligation of a Mutual Fund shall not at any time exceed the total value of net assets of the Scheme. The Scheme may use derivatives in accordance with SEBI Regulations. RBI has issued guidelines on Interest Rate Swaps (IRS) and Forward Rate Agreements (FRA) on July 7, 1999. These products were introduced for developing the nation's Debt Market. Interest Rates Swaps (IRS) All swaps are financial contracts, which involve exchange (swap) of a set of payments receivable by one party for another set of payments receivable by another party, usually through an intermediary. An IRS can be defined as a contract between two parties (Counter Parties) to exchange, on particular dates in the future, one series of cash flows (fixed interest) for another series of cash flows (variable or floating interest) in the same currency and on the same principal for an agreed period of time. The exchange of cash flows need not occur on the same date. Forward Rate Agreements (FRA) A FRA is an agreement between two counter parties to pay or to receive the difference between an agreed fixed rate (the FRA rate) and the interest rate prevailing on a stipulated future date, based on a notional amount, for an agreed period. In short, in a FRA, interest rate is fixed now for a future period. The special feature of FRAs is that the only payment is the difference between the FRA rate and the Reference rate and hence are single settlement contracts. As in the case of IRS, notional amounts are not exchanged. The Scheme will use derivative instruments for the purpose of hedging and portfolio balancing. Hedging does not mean maximisation of returns but only reduction of systematic or market risk inherent in the investment. Basic Structure of a Interest Rate Swap An interest rate swap is an agreement between two parties to exchange future payment streams based on a notional amount. Only the interest on the notional amount is swapped, and principal amount is never exchanged. In a typical interest rate swap, one party agrees to pay a fixed rate over the term of the agreement and to receive a variable or floating rate of interest. The counterparty receives a stream of fixed rate payments at regular intervals as described in the agreement and pays the floating rate of interest. Illustration : Fixed interest rate : 10% p.a. Variable Interest Rate : Over-Night MIBOR (variable) Notional Principal : Rs.10 crore Period of Agreement : 1 year Interest Frequency : Semi-annual Suppose six month period from the value date of swap to the first payment date is 182 days and the daily compounded over-night MIBOR is say 8% p.a. on that date, the interest streams are as follows : Fixed Rate Payment : Rs.10,00,00,000.00 x 182 x 10 / 365 x 100 = Rs.49,86,301.36 Variable Rate : Rs.10,00,00,000.00 x 182 x 8 / 365 x 100 = Rs.39,89,041.09 In the above example, the fixed rate payer will pay the variable rate payer a net amount of Rs.9,97,260.27 (Rs.49,86,301.36 - 39,89,041.09). Likewise the second and final payment will depend upon the variable NSE MIBOR for the remaining 183 days and the interest stream of fixed rate for the said period, the difference of which, will be settled between the parties at the expiry of the contract. The above example illustrates the benefits and risks of using derivatives for hedging and optimising the investment portfolio. Swaps have its own drawbacks like credit risk, settlement risk. However, these risks are substantially reduced as the amount involved is interest streams and not principal. Risk associated with Derivatives trading: As and when the Scheme trades in the derivatives markets, there are risk factors and issues concerning the use of derivatives. Derivative products are specialised instruments that require investment techniques and risk analyses different from those associated with stocks. The use of a derivative requires understanding of the underlying instrument as well as that of the derivative itself. Derivatives require the maintenance of adequate controls to monitor the transactions entered into, the ability to assess risk that a derivative adds to the portfolio and the ability to forecast price movements correctly. There is the possibility that a loss may be sustained by the portfolio as a result of failure of another party (usually referred to as the counter party) to comply with the terms of the derivatives contract. Other risks associated 13
m) Hedging and Derivatives : SEBI vide its circular noMFD/CIR/011/061/2000 dated February1, 2000 permitted mutual funds to participate in derivatives trading subject to the observance of guidelines issued by SEBI. The Fund has to comply with the prescribed disclosure requirements. As part of the fund management process, the AMC may use the derivative instruments such as index futures, stock futures and option contracts, warrants convertible securities, swap agreements or any other derivative instruments that are permissible or may be permissible in future under applicable regulations and such investments shall be in accordance with the investment objectives of the Scheme. Trading in derivatives has following risks: An exposure to derivatives in excess of the hedging requirements can lead to losses. An exposure to derivatives can also limit the profits from a genuine investment transaction. Efficiency of a derivative market depends on the development of a liquid and efficient market for underlying securities. Thus, derivatives are highly leveraged instruments. Even a small price movement in the underlying security could have a large impact on their value. Also, the market for derivative instruments is nascent in India. Any loss on derivatives transaction I sought to be prevented by taking exposure to derivatives only for the purpose of hedging and not for speculative purposes such an exposure will be backed by assets in the form of cash or securities adequate to meet the cost of derivative trading and loss, if any, due to unfavourable movements in the market. There will be no investment in derivatives based on equity or equity index. The investment in derivatives will be based only on derivatives related to debt such as interest rate derivates. Valuation of Derivative Products Traded derivatives shall be valued at market price in conformity with the stipulations of sub clauses (i) to (v) of clause 1 of the Eighth Schedule to the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 and as per Circular MFD/CIR/011/061/2000 dated 01.02.2000. Valuation of untraded derivatives shall be done in accordance with the valuation method for untraded investments prescribed in sub clauses (i) and (ii) of clause 2 of the Eighth Schedule to the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 and as per Circular MFD/CIR/011/061/2000 dated 01.02.2000. Exposure to Derivatives The Scheme shall use derivatives as risk management tools for hedging and portfolio balancing. Therefore derivatives may be used to hedge upto 30% of Scheme's net assets, in order to protect the interests of the Unit Holders under the scheme. Losses may arise as a result of using derivatives, but these are likely to be compensated by the gains on the underlying cash instruments held by the Scheme. The Scheme will not assume any leverage exposure to derivatives. Debt / Debt Related Derivatives

with trading in derivatives include the risks of mispricing or improper valuation of derivatives and inability of derivatives to correlate perfectly with underlying assets, indices. The Scheme will use derivative instruments for the purpose of hedging and portfolio balancing. Hedging does not mean maximisation of returns but only reduction of systematic or market risk inherent in the investment. n) Restrictions: The Scheme shall follow further prudential norms as specified in SEBI (Mutual Fund) Regulations, 1996, as amended from time to time, as follows: 1. The Scheme shall buy and sell securities on the basis of deliveries and shall in all cases of purchases, take delivery of relative securities and in all cases of sale, deliver the securities and shall in no case put itself in a position whereby it has to make short sale or carry forward transaction or engage in badla finance. Provided that mutual funds shall enter into derivatives transactions in a recognised stock exchange for the purpose of hedging and portfolio balancing, in accordance with the guidelines issued by SEBI. The securities purchased by The Fund shall be got transferred in the name of the Mutual Fund on account of the concerned Scheme, wherever investments are intended to be of long term nature. Aggregate value of illiquid Securities of the Scheme, which are defined as nontraded, thinly traded and unlisted, shall not exceed 15% of the total assets of the Scheme and any illiquid securities held above 15% of the total assets shall be valued in the manner as specified in the guidelines issued by the Board (SEBI). The Funds raised under the Scheme shall be invested only in transferable securities as per Regulation 44(1) read with Seventh Schedule to the SEBI (Mutual Funds) Regulations, 1996. 4. The Scheme shall not invest more than 15% of its NAV in debt instruments issued by a single issuer which are rated not below investment grade by a credit rating agency authorised to carry out such activity under the Act. Such investment limit may be extended to 20% of the NAV of the scheme with the prior approval of the Board of Trustees and the Board of Asset Management Company, provided that such limit shall not be applicable for investments in Government Securities and Money Market Instruments. Provided further that investment within such limit can be made in mortgage backed securitised debt which are rated not below investment grade by a credit rating agency registered with SEBI. 5. The Scheme shall not invest more than 10% of its NAV in unrated debt instruments issued by a single issuer and the total investment in such instruments shall not exceed 25% of NAV of the Scheme. All such investments shall be made with the prior approval of the Board of Trustees and the Board of Asset Management Company. The above restrictions are applicable for all debentures irrespective of any residual maturity period (above or below one year). 6. Investment in other Schemes : The investment by this Scheme in other Mutual Fund Schemes will be in accordance with Regulation 44(1) read with Clause 4 of the VII Schedule to the SEBI (Mutual Funds) Regulations, 1996 according to which : A scheme may invest in another scheme under the same AMC or any other mutual fund without charging any fees, provided that aggregate inter-scheme investment made by all schemes under the same management or in schemes under the management of any other AMC shall not exceed 5% of the Net Asset Value of the Mutual Fund. In order to be consistent with the Scheme's objectives, such an investment may only be made in another scheme carrying the same terms/ features of Canara Robeco Interval Scheme. No investment management fees will be charged by the Investment Manager on such investments. 7. Borrowings by the Scheme : The Scheme may borrow upto 20% of the net assets managed for a maximum tenure of six months for the purpose of meeting outflows on account of repurchase/redemption or income distribution. In terms of Regulation 44(2) of SEBI (Mutual Funds) Regulations, 1996 : The Mutual Fund shall not borrow except to meet temporary liquidity needs of the Mutual Fund for the purpose of repurchase, redemption of units or payment of dividend / interest to the unit holders. Further as per Regulations, the Fund shall not borrow more than 20% of the Net Assets of the respective schemes and the duration of such borrowing shall not exceed a period of 6 months. If the Scheme decides to borrow, it may borrow either from Canara Bank or any 14 1 Canara Bank other bank(s) or from any other sources as may be decided by the Investment Manager. The loans may be without collateral or may consider using a part of the Scheme's assets as collateral with the prior approval of the Board of Directors of the Investment Manager and the Board of Trustees of the fund. Potential Risk of Loss to the Investment Manager / Canara Robeco Interval Scheme unit holders: The borrowing by the Scheme will not involve any potential loss to the Investment Manager or to the unit holders. However, it will involve a certain cost on account of interest paid on borrowing at market rates as may be negotiated with the concerned lender. In any case, the Scheme may resort to borrowings only if the possible benefit from borrowings exceed the cost of immediate liquidation of its assets for meeting redemption / repurchase needs. The amount borrowed by Canara Robeco Mutual Fund, for all its schemes, for the years 2004-05 was Rs. 26 crores, 2005-06 was Rs. 59.3 crores, 2006-07 was Rs. 1020.04 crores. The borrowings for the period from 01.04.2007-20.06.2007 was Rs. 64.69 crores. 8. Inter-Scheme Transfers : Transfer of investments from / to Schemes covered under this offer document to another scheme(s) of the Fund will be made only if a. Such transfers are done at the prevailing market price for quoted instruments on spot basis (spot basis having the same meaning as specified by the Stock Exchange for the spot transactions). The securities so transferred shall be in conformity with the investment objective of the Scheme to which such transfer has been made. As per the accounting policies approved by the Trustees / under the Regulations. As on 31.12.2007, The Fund under all its schemes has not invested more than 10% of the paid up capital of a Company carrying voting rights. Investment by any Company, more than 5% of the net asset value of a scheme (as on 31.12.07) and the investment made by that scheme or by any other scheme of the Mutual Fund in that company or its subsidiaries has been brought to the notice of the trustees by the AMC which indicate the names of companies / schemes in which such investments have been made provided the latter investment has been made within one year of the date of the former investment calculated on either side. As on 31.12.2007, the details of such investments are as under : Schemes in which companies have invested more than 5% of the Net Assets 2 Canara Robeco Floating ** Canara Robeco * Multicap Schemes which has invested in the company in Column (1) 3 Canara Robeco Liquid ** Canara Robeco Floating Rate ** Canara Robeco Fmp 13m ** Canara Robeco Balance Ii * Canara Robeco Eq. Diversified* Canara Robeco Multicap * Canara Robeco Balance Ii* Canara Robeco Equity Taxsaver* Canara Robeco Fortune 94 * Canara Robeco Nifty * Canara Robeco Balance * Canara Robeco Multicap* Aggregate Outstanding of amount as at invested in 31.12.2007 company in at market during Value 01/01/2007 to 31.12.2007 [Rs. in lakhs] [Rs. in lakhs] 4 5 20000 Nil 5000 2500 21.39 21.49 176.44 Nil 42.25 116.75 7.28 80.42 359.35 Nil Nil Nil Nil 175.51 127.37 59.5 152.28 13.89 223.26 242.77
2.
3.
b. c.
9. Other Disclosures : a. b.
Company which has invested
IDBI ITC
Canara Robeco Liquid** Canara Robeco Liquid ** Canara Robeco Floating Rate**

Global Trade Fin (p) Ltd. Canara Robeco Floating** Canara Robeco Liquid ** Canara Robeco Liquid Plus** Canara Robeco Liquid Plus** Canara Robeco Expo * Canara Robeco Liquid ** Canara Robeco Floating Rate** Canara Robeco Liquid Plus ** Canara Robeco Multicap * Canara Robeco Liquid** Canara Robeco Floating Rate ** Canara Robeco Liquid Plus ** Canara Robeco Infrastructure * Canara Robeco Eq.div.* Canara Robeco Infrastructure * Canara Robeco Equity Taxsaver * Canara Robeco Multicap* Canara Robeco Floating** Canara Robeco Liquid Plus ** Canara Robeco Balance Ii * Canara Robeco Nifty Index * Canara Robeco Expo * Canara Robeco Multicap* Canara Robeco Liquid** Canara Robeco Floating** Canara Robeco Liquid Plus ** Canara Robeco Multicap* Canara Robeco Floating Rate** Canara Robeco Liquid** Canara Robeco Multicap* Canara Robeco Floating Rate** Canara Robeco Liquid ** Canara Robeco Liquid Plus** Canara Robeco Fmp 3m** Canara Robeco Liquid ** Canara Robeco Floating Rate** Canara Robeco Liquid Plus** Canara Robeco Balance Ii* Canara Robeco Cigo* Candemat* Canara Robeco Equity Diversified* Canara Robeco Emerging* 63.2 64500 132200 5000 2000 1500 1500 1500 Nil Nil 723.58 Nil 174.6 2500 2500 83.23 3.29 Nil 164.4 6200 8800 2500 26.81 13700 7300 2000 38100 18900 5300 3350 5000 7500 2500 9.68 1.02 0.5 10.64 1.81 63.2 Nil Nil Nil Nil Nil Nil Nil 73.1 37.07 549.03 22.25 Nil Nil Nil 173.42 5.6 93.05 164.4 Nil 4750 Nil Nil Nil Nil Nil Nil Nil Nil Nil 24.19 Nil Nil Nil Nil Nil Nil Nil Electrosteel Casting Ltd Canara Robeco Liquid ** Punjab National Bank United Shippers Ltd. Canara Robeco Liquid Plus** Canara Robeco Fmp 1m Srii** Canara Robeco Liquid ** Tata Consultancy Canara Robeco Services Ltd. Liquid** Indian Petrochemicals Corporation Ltd. Canara Robeco Fmp 3m** UCO Bank Canara Robeco Liquid** Canara Robeco Floating Rate** Canara Robeco Liquid Plus ** Corporation Bank Canara Robeco Liquid** Canara Robeco Liquid Plus ** Canara Robeco Expo * Canara Robeco Fortune * Cangrowth Plus * Canara Robeco Infrastructure * Canara Robeco Multicap* Canara Robeco Eq.taxsaver * Canara Robeco Balance * Canara Robeco Liquid** Canara Robeco Floating Rate** Canara Robeco Fmp 13m ** Canara Robeco Fmp 3m ** Canara Robeco Liquid Plus ** Canara Robeco Liquid ** Canara Robeco Floating Rate** Canara Robeco Liquid Plus ** Canfmp 1m Sr 1 ** Canara Robeco Multicap ** Canara Robeco Balance Ii * Canara Robeco Nifty Index * Canara Robeco Infrastructure * Canara Robeco Multicap* Canara Robeco Balance * Canara Robeco Balance Ii * Canara Robeco Eq.div* Canara Robeco Expo * Canara Robeco Fortune * Canara Robeco Nifty Index * Canara Robeco Multicap * Canara Robeco Floating Rate** Canara Robeco Liquid ** Canara Robeco Floating Rate** Canara Robeco Liquid ** Canara Robeco Liquid Plus ** Canara Robeco Balance Ii* Canara Robeco Multicap * Canara Robeco Nifty Index * Canara Robeco Liquid ** Canara Robeco Floating Rate** 2.95 7.75 1.28 9.68 24.66 2.11 6.87 2500 5000 1800 2500 2100 10900 15463 7500 2000 86.61 77.99 1.18 77.93 433.82 77.83 87.38 Nil Nil 49.44 13.51 324.04 1500 2000 2500 2500 2500 108.22 108.24 2.14 10000 6500 Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil 86.61 Nil Nil Nil Nil Nil 117.19 70.33 29.46 Nil 24.5 194.42 Nil 987 Nil Nil 2324 Nil Nil 3.41 Nil Nil
Crompton Greaves
Sesa Goa Ltd.
Canara Robeco Fmp 13m**
State Bank Of Canara Robeco Bikaner & Jaipur Floating** Canara Robeco Liquid ** Maruti Suzuki Canara Robeco India Ltd. Floating Rate** Canara Robeco Fmp 13m** Canara Robeco Liquid Plus** Indusind Bank Canara Robeco Liquid**
Hindustan National Canara Robeco Glass & Ind Ltd Fmp 13m**
SREI Canara Robeco Infrastructure Ltd. Liquid Plus**
Indian Bank
Canara Robeco Liquid ** Canara Robeco Liquid Plus **
15

State Bank Of Hyderabad Canara Robeco Liquid ** Canara Robeco Floating Rate ** Canara Robeco Floating Rate ** Canara Robeco Liquid Plus ** Canara Robeco Liquid Plus ** Canara Robeco Floating Rate ** Canara Robeco Liquid ** Canara Robeco Liquid Plus ** Canara Robeco Cigo * Canara Robeco Eq. Div * Canara Robeco Infra * Canara Robeco Multicap * Canara Robeco Balance Ii * Canara Robeco Nifty Index * Canara Robeco Infra * Canar Robeco Multicap * Canara Robeco Eq. Taxsaver * Canara Robeco Balance Ii * Canara Robeco Fortune * Canara Robeco Nifty Index * Canara Robeco Infra * Canara Robeco Multicap * 1000 490 2500 2010 18.8 123.54 131.55 169.09 86.44 14.88 74.68 446.95 37.8 Nil 36.1 2.52 244.53 707.15 Nil 458 Nil 1881 Nil Nil Nil Nil 86.44 26.04 173.4 354.72 37.8 43.37 Nil 4.21 351.42 292.93 Canara Robeco Asset Management Company Ltd. BOB Capital Market Ltd.* 864.26 1070.46 Canara Bank Canara Bank Canbank Computer Services Ltd. 13.74 10.88 61.39 155.97 9.20 26.25 * Equity Shares. ** Debt Instruments / Certificate of Deposits. 11. Underwriting Obligations with respect to issues of associates companies of sponsors : As on date, the Fund has no underwriting obligations.
GMR Infrastructure
Bharati Airtel Ltd
Canara Robeco Liquid Plus **
12. Subscription in Issues lead managed by the Sponsors or its associates during 2005-06 & 2006-07 Name of Amount Outstanding Role of the company Invested as on 31.12.2007 Sponsor (Rs in Lacs) (Rs in Lacs) (Canara Bank) Gokuldas Exports Ltd. 27.62,500.00 Nil Co-Manager PBA Infrastructure Ltd 30,00,000.00 Nil Lead Manager Beeyu Overseas Ltd. 2,29,026.00 Nil Lead Manager GVK Power & Infra. Ltd. 1,92,71,150.00 Nil Co-Manager GMR Infrastructure Ltd. 1,37,04,390.00 Nil Co-Manager Pyramid Saimira Theatre Ltd. 74000.00 NIL Lead Manager Raj Television Network Ltd. 51,40,000.00 16,31,000.00 Co-Manager Indowind Energy Ltd. 1950000.00 Nil Co-Book running Lead Manager The brokerage/charges paid to subsidiary/associates of the Sponsors, during the past three years is as under : (Rs in Lacs) Paid to 2004-05 2005-06 2006-07 01.04.07 Nature of To Transaction 31.12.07 217.36 96.16 Brokerage 15.85 3.21 Bank Charges 30.29 56.71 R&T Charges Including OPE and Other Charges 1353.97 1159.83 AMC Fee 0.02 Brokerage
Associated Cement Companies Ltd
Canara Robeco Liquid **
* Equity Shares. ** Debt Instrument/ Certificate of Deposits. 10. Investments in Associates or Group Companies of the Sponsors : The AMC may utilise the services of its Sponsors or the Sponsors' Subsidiaries / Associates or any other associates (within the meaning of the SEBI Regulations) in case such company (including its employees and relatives) is in a position to provide the requisite services to the AMC. The AMC will conduct its business with the aforesaid companies (including their employees or relatives) on commercial terms as permissible under the SEBI Regulations. The AMC may also utilise the services of any of the subsidiaries of the Sponsors to be established at a later date in case such subsidiaries are in a position to provide requisite services. The AMC shall conduct its business with these Subsidiaries / Associates of the Sponsors on commercial terms and on arms length basis and at the prevailing market rate. The prevailing market rate is the extent permitted under the regulations determined after an evaluation of the competitiveness of the pricing offered by the Associates / Subsidiaries of the Sponsors and the services to be provided by them. The AMC may also utilise the services of Canara Bank/ Robeco Groep N .V for marketing / distribution of applications and agency commission at a rate not exceeding the rate of commission being paid to other intermediaries. In accordance with SEBI (Mutual Fund) Regulation, 1996, the Scheme shall not make any investment in : a. any unlisted security of an associate or group company of the Sponsors ; or b. any security issued by way of private placement by an associate or group company of the Sponsors ; or c. the listed securities of group companies of the Sponsors which is in excess of 25% of the Net Assets. During the period 01.01.2007 to 31.12.2007 the following investments were made in the securities of the Associate Companies in the terms of the Scheme's objectives and because of attractive valuations: Name of Scheme Security and Name Type Aggregate cost of acquisition [Rs. In lakhs] 20000 5000 2500 21.39 21.49 Aggregate % to Net Market Value Assets Outstanding [Rs. In Lakhs] As on Nil -Nil -Nil -Nil -Nil
* the disclosure has been made as one of the trustees of the Fund is also a Director on the board of the above entity. The Investment Manager may from time to time for conducting the normal business, utilise the services of any of the associates / subsidiaries of the Sponsors. The Investment Manager may also utilise the services of any of the subsidiaries of the Sponsors to be established at a later date in case such subsidiaries are in a position to provide requisite services to the Investment Manager. The Investment Manager shall conduct its business with these subsidiaries / associates of the Sponsors on commercial terms and on arms length basis and at the then prevailing market rates / prices to the extent permitted under the regulations, after an evaluation of the competitiveness of the pricing offered by the associates / subsidiaries of the Sponsors and the services to be provided by them. The Investment Manager may also utilise the services of Canara Bank for marketing / distribution of applications and agency commission at a rate not exceeding the rate of commission being paid to other agents for the Scheme will be paid for such services. 13. AMC's Investments in the Scheme : The Investment Manager may invest in the Scheme, on an ongoing basis, the maximum limit of such investment would be 25% of the net assets of the Scheme at the time of investment. Such investments will be in conformity with the Regulation 24(3) of the SEBI (Mutual Fund) Regulations, 1996. The AMC shall not be entitled to charge any fee on its investment in that scheme.
8. Units On Offer
a. Scheme details : Canara Robeco Interval Scheme is a Debt Oriented Interval Scheme. The Scheme provides for launch of one series of each of Monthly, Quarterly and Annual Schemes. Each of these Schemes will be launched separately under three different new fund offers and will have separate portfolio. For each of these schemes, there will be a
Canara Bank Canara Robeco Liquid ** Canara Robeco Floating Rate ** Canara Robeco Fmp 13m ** Canara Robeco Balance II * Canara Robeco Eq. Diversified* 16

choice of two plans namely, Retail Plan and Institutional Plan. Further, the investors have the choice of two options under each scheme / plan namely Growth Option and Dividend Payout Option. The launch of New Fund Offer under each Scheme shall be intimated by issue of notice / addendum to this effect and will be published in the news papers/ issue of Press Release as per the Regulations. The Trustees reserve the right to change the frequency of launching any Scheme or not to launch a particular Scheme without any notice in this regard. Initial Issue price of the Unit Schemes Rs.10.00 per unit Monthly Interval Scheme Quarterly Interval Scheme Annual Interval Scheme 1) Retail Plan 2) Institutional Plan a) Growth Option b) Dividend Option 1) Retail Plan : Rs. 5,000.00 2) Institutional Plan : Rs. 50,00,000.00 and Re 1.00 thereafter under each plan Initial Issue Expenses will be borne by the Asset Management Company. Rupees 2.00 Crs (Under each Scheme ) No upper limit. However, Trustees reserve the right to accept or reject any application. g) Allotment : Allotment of the Units to the eligible applicants under the Scheme who comply with the terms of the schemes: Allotment of units will be made to all the applicants provided the applications are complete in all respects. [Fractional units will be allotted up to four decimals]. However, acceptance of application and allotment of units / fractional units will be at the absolute discretion of the Trustees and the application can be rejected without assigning any reason whatsoever. Investors will be issued with a Statement of Account evidencing allotment of units and such statement will be despatched within 30 working days from the date of allotment after the closure of the New Fund Offer. h) Date of Commencement of the New Fund Offer and Date of Closure (including earliest closure, if any) - please refer Salient Features i) Transferability / Transmission: As repurchase facility is provided under the Scheme, the transfer facility is redundant. However, if a transferee becomes a holder of the units by operation of Law or on enforcement of a pledge or due to the death, insolvency or winding up of the affairs of the sole holder or the survivors of the joint holder, then the Trustee shall, subsequent to production of such evidence to which in their opinion is sufficient, proceed to effect the transfer if the intended transferee is otherwise eligible to hold the units. Further, if either the mutual fund or the Asset Management Company incur any loss whatsoever arising out of any litigation or harm that it may suffer in relation to the transmission, they will be entitled to be indemnified absolutely from the deceased unit holder's estate.
Plans Options Minimum Investment during New Fund Offer and for subscription during Specified ( Interval ) Date / Period Initial Issue Expenses Initial Minimum Corpus Maximum Amount for subscription
9. Sale Of Units
How to Apply a. During the New Fund Offer : Applications complete in all respects together with necessary remittance may be submitted at the offices of the Investment Manager or such collecting centres as may be designated by the Investment Manager. Payment will be accepted through a cheque or demand draft payable at the centre where the application is lodged and drawn in favour of CANARA ROBECO MUTUAL FUND and crossed 'A/c Payee only'. Investors at places other than the Investor Relations Centres of Investment Manager or at designated centres, are requested to make payment by demand draft. In case of payment by demand draft, actual DD charges, will be absorbed by the Investment Manager. The number of units allotted will be the amount invested divided by the sale price applicable for the day on which applications are accepted by the Investment Manager, rounded off to the four decimals place. Such allotment will be for a minimum amount prescribed. Applications received by post will be deemed to have been submitted on the date of receipt at the office of the Investment Manager and the applicable rate will be the rate prevailing on the date of receipt of underlying instrument accompanying such application. In case of payment by bank drafts, the amount of investment and bank charges shall be clearly mentioned by the applicant in the application. The Scheme will allot units to the extent of amount remitted by way of demand draft plus bank charges incurred by the applicant, duly absorbing the bank charges. The Statement of Account for the units allotted under New Fund Offer will be despatched to the Unit holders within 30 working days from the date of allotment. Allotment of units will be at the absolute discretion of the Trustees and the applications can be rejected without assigning any reason whatsoever. b. Ongoing basis: Investments / Switch-in under each scheme shall be accepted only on Specified Transaction Date / Period without any load. Such Specified Transaction Period shall be fixed after expiry of : a) One month from the date of allotment after the closure of the NFO in the case of Monthly Interval Scheme b) One Quarter from the date of allotment after the closure of the NFO in the case of Quarterly Interval Scheme c) One Year from the date of allotment after the closure of the NFO in the case of Annual Interval Scheme
The Fund proposes to launch the Monthly Interval Plan and Quarterly Plan on 21st January, 2008. The New Fund Offer (NFO) of the Monthly and Quarterly Plans opens for subscription on 21st January, 2008 and closes on 23rd January, 2008. The allotment of units under the respective plans will be made on 24th January, 2008. The Specified Transaction Period would be 24th of every month for Monthly Interval Plan and 24th of every Quarter (24th April, 24th July, 24th October and 24th Jan'09 and so on) for Quarterly Interval Plan. The New Fund Offer of Annual Plan (covered under this offer document) will be notified by issuing an addendum / public notice /press release. The relevant Key Information Memorandum and application will be issued at the time of opening of NFO of the Annual Plan. b) Retention of over subscription: The Scheme seeks to raise a minimum of Rs.2.00 Crs out of the New Fund Offer (NFO). Any amount in excess of this will be retained by the Scheme. c) Refund of Application Money during NFO : In case of failure to mobilise the minimum amount of Rupees Two Crores, Canara Robeco Mutual Fund and the Investment Manager will refund the application money / excess application money, to the applicants in accordance with regulation 35 (2) of SEBI (Mutual Funds) 1996, within a period of 6 weeks from the date of closure of subscription list, by Registered AD and by cheque or demand draft marked A/C payee to the applicants. In the event of failure to refund the amounts within the said period of six weeks, the Investment Manager will be liable to pay interest to the applicant at a rate of 15% p.a. on the expiry of six weeks from the date of closure of subscription list. d) Date of opening of subscription list : please refer Salient Features e) Period for which subscription is open : please refer Salient Features New Fund Offer under each Scheme will be open for a maximum period of 30 days from the commencement of banking hours of the date of opening. The Investment Manager may extend or reduce the period of the New Fund Offer, by giving a Press Release, within the limits prescribed by SEBI. However, the Fund may temporarily suspend acceptance of fresh applications at any time. f) Listing : As the scheme provides for repurchase of the units on the specified dates without any exit load and such facility is provided on an ongoing basis, subject to exit load, the units of the Scheme are not proposed to be listed on any Stock Exchanges. However, The Fund may at its sole discretion list the units of the scheme on one or more stock exchanges at a later date.
In case the Specified Transaction Date / Period happen to be a non-business day, the immediate next business day shall be construed as the Specified Transaction Date /
17

period. Trustees reserve the right to change / alter the Specified Transaction Period depending upon the prevailing market conditions and to protect the interest of the investors. Note : The exact date of Specified Transaction Date / Period would depend upon the date of allotment of the units after the closure of the NFO which in turn would depend upon the date of launch of the NFO. The Specified Date/ Period would be mentioned in the Key Information Memorandum at the time of launch of the NFO. Applications complete in all respects together with underlying instruments payable at the place of receipt may be submitted at the offices of the Investment Manager or such collecting centres as may be designated by the Investment Manager. The number of units allotted will be the amount invested divided by the sale price applicable for the day on which applications are accepted by the Investment Manager, rounded off to four decimals. Such allotment will be for a minimum amount prescribed. In case of payment by bank drafts, the amount of investment and bank charges shall be clearly mentioned by the applicant in the application. The Scheme will allot units to the extent of amount remitted by way of demand draft plus bank charges incurred by the applicant, duly absorbing the bank charges. The Statement of Account for the units allotted under Ongoing basis will be despatched to the unit holders within 10 days from the date of allotment. The Sale price of units will be NAV plus a sales charge, if any, as decided by the Investment Manager, from time to time to meet the expenses of sale. However the Investment Manager may periodically review the sale price and reserves the right to lower or waive the sales charge for a particular period in a year. Such modifications shall be announced periodically along with the NAV / sale price. At any time, the spread between the selling and repurchase price will not be more than 5% of the sale price. Allotment of units will be at the absolute discretion of the Trustees and the applications can be rejected without assigning any reason whatsoever. c) Joint Applications : In the event of joint application, applicant shall specify the 'mode of holding' as 'Jointly' or 'Anyone or Survivor'. If specified as 'Jointly', redemption/additional purchase/switch and all other requests shall be signed by all the joint holders. However, if the holding is specified as 'Anyone or Survivor', any one of the Unit holders will be entitled to make redemption/additional purchase/switch and other requests, without the need for all the Unit holders to sign. If the mode of holding is not specified, it shall be deemed that the holding is on 'Joint' basis. However, in the event of joint holding, the first-named holder shall receive the accounts statement, all notices and correspondence with respect to the account as well as the proceeds of redemption or dividends or other distributions. d) Applicable NAV for sale of Units a) For applications received up to 3 p.m. along with instruments payable at par at the place of receipt, closing NAV of the same day on which the application is received shall be applicable. b) For applications received after 3 p.m. along with instruments payable at par at the place of receipt, closing NAV of the next business day shall be applicable provided next business day is declared as Specified Transaction Day. Otherwise the application shall not be accepted for subscription / the amount shall be refunded. Calculation of Sale Price: The sales load will be charged as a percentage of Net Assets Value (NAV) i.e. applicable load as a percentage of NAV will be added to NAV to calculate sale price. The formula for calculation of Sale Price would be : Sale Price = Applicable NAV x (1+Sales Load, if any) e.g. if the applicable NAV is Rs.10.00 and sales / entry load is 2%, then the Sales Price will be Rs.10.2000. e) Minimum amount of subscription per application : Rs. 5,000.00 under Retail Plan Rs. 50,00,000.00 under Institutional Plan and in multiples of Re. 1.00 thereafter under each Plan f) Maximum amount of subscription : No upper limit. However, the Trustees reserve the right to accept or reject any application. 18 g) Who can Apply : 1. 2. 3. 4. 5. 7. Adult Individual(s) and also minor(s) through their parent/guardian. (Application of minors jointly with adults not allowed). Adult Individual(s) jointly not exceeding three, on first holder or survivor/s basis. Hindu Undivided Family (HUF) Partnership Firms, Trade bodies, Association of persons (either Registered or unregistered). A Company as defined in the Companies Act,1956, Public Sector Undertakings. A Co-operative Society registered under any law relating to Co-operative Societies in India.
6. A Body Corporate established by or under any law in force in India.
8. A Religious or Charitable Trust / Wakfs or a Society established under the relevant laws and authorised to invest in Mutual Fund Schemes. 9. FIIs registered with SEBI. 10. Banks and Financial Institutions. 11. Pension Funds/Pension Fund Managers. 12. Non Resident Indians (NRIs) and Persons of Indian Origin (PIOs) on repatriation / non-repatriation basis. 13. Army, Air Force, Navy and other para-military units and bodies created by such institutions. Scientific and Industrial Research Organisations. 14. Multilateral Funding Agencies / Body Corporates incorporated outside India with the permission of Government of India / Reserve Bank of India 15. Other schemes of Canara Robeco Mutual Fund subject to the conditions and limits prescribed under SEBI Regulations. 16. Any other category of investors that may be permitted by the Trustees as per the Indian laws in future. Applications by NRIs and PIOs : a. Repatriation Basis : In terms of Schedule 5 of Notification No. FEMA/20/2000 dt. May 03, 2000, the RBI has granted a general permission to mutual funds, as referred to in Clause (23D) of Section 10 of the Act to issue and repurchase units of their schemes which are approved by SEBI, to / from NRIs / PIOs subject to conditions set out in the aforesaid notification. Further, general permission is also granted to send such units to NRIs / PIOs to their place of residence or location as the case may be. NRI application on a repatriation basis will be made by submitting payment by demand drafts purchased from / cheques drawn on FCNR / NRE Bank accounts payable at a city where Investor Relations Centres of Investment Manager or its authorised agents are located. Such applicants would have to subsequently arrange to provide a debit certificate from their bankers confirming that the amount has been paid by debiting the NRE / FCNR account. b. Non-Repatriation Basis : In case of NRIs / PIOs seeking to apply for units on a non-repatriation basis, payments may be made by cheques drawn on / draft drawn out of NRO / NRSR accounts.
h) Bank Account Details /PAN : Subscription for units under the Scheme shall not be accepted in cash. As per SEBI guidelines it is mandatory for investors in Mutual Funds to state their Bank account details in their applications and in redemption requests. The applicant/s shall provide these details in the space provided in the application form. This measure is intended to avoid fraud / misuse or theft of dividend / repurchase / redemption warrants in transit. Applications not containing the details are considered invalid and liable to be rejected. Any retention of redemption requests/proceeds for want of Bank Mandate shall not attract penal interest provisions. Submission of PAN Mandatory It is mandatory from January 01, 2008, for all applicant (s) (including resident and non-resident investors), guardians (in case of minors) and power of attorney holders to provide PAN, along with a certified copy the PAN card for all transactions in units of the schemes of Canara Robeco Mutual Fund irrespective of the amount of transaction. I) Prevention Of Money Laundering Prevention of Money Laundering Act, 2002 (hereinafter referred to as Act) came

into effect from July 1, 2005 vide Notification No.GSR 436(E) dated July 1, 2005 issued by Department of Revenue, Ministry of Finance, Government of India. Further, SEBI vide its circular reference number ISD/CIR/RR/AML/1/06 dated January 18, 2006 mandated that all intermediaries including Mutual Funds should formulate and implement a proper policy framework as per the guidelines on anti money laundering measures and also to adopt a Know Your Customer (KYC) policy. The intermediaries may, according to their requirements specify additional disclosures to be made by clients for the purpose of identifying, monitoring and reporting incidents of money laundering and suspicious transactions undertaken by clients. SEBI also issued another circular reference no.ISD/CIR/RR/AML/2/06 dated March 20, 2006 advising all intermediaries to take necessary steps to ensure compliance with the requirement of section 12 of the Act inter-alia maintenance and preservation of records and reporting of information relating to cash and suspicious transactions to Financial Intelligence Unit-India (FIU-IND), New Delhi. The investor(s) should ensure that the amount invested in the Scheme is through legitimate sources only and does not involve and is not designated for the purpose of any contravention or evasion of the provisions of the Income Tax Act, Prevention of Money Laundering Act, Prevention of Corruption Act and/or any other applicable law in force and also any laws enacted by the Government of India from time to time or any rules, regulations, notifications or directions issued thereunder. To ensure appropriate identification of the investor(s) under its KYC policy and with a view to monitor transactions for the prevention of money laundering, Canara Robeco Asset Management Company Limited ( the AMC)/Canara Robeco Mutual Fund (the Mutual Fund) reserves the right to seek information, record investor's telephonic calls and/or obtain and retain documentation for establishing the identity of the investor, proof of residence, source of funds, etc. It may re-verify identity and obtain any incomplete or additional information for this purpose. The investor(s) and their attorney, if any, shall produce reliable, independent source documents such as photographs, certified copies of ration card/passport/driving license/PAN card, etc. and/or such documents or produce such information as may be required from time to time for verification of the identity, residential address and financial information of the investor(s) by the AMC/Mutual Fund. If the investor(s) or the person making payment on behalf of the investor(s), refuses/fails to provide the required documents/information within the period specified in the communication(s) sent by the AMC to the investor(s) then the AMC, after applying appropriate due diligence measures, believes that the transaction is suspicious in nature within the purview of the Act and SEBI circulars issued from time to time and/or on account of deficiencies in the documentation, shall have absolute discretion to report suspicious transaction to FIU-IND and/or to freeze the folios of the investor(s), reject any application(s)/allotment of units and effect mandatory redemption of unit holdings of the investor(s) at the applicable NAV subject to payment of exit load, if any, in terms of the said communication sent by the AMC to the investor(s) in this regard. The KYC documentation shall also be mandatorily complied with by the holders entering the Register of Members by virtue of operation of law e.g. transmission, etc. The Mutual Fund, the AMC and their Trustees, Directors, employees and agents shall not be liable in any manner for any claims arising whatsoever on account of freezing the folios/rejection of any application/allotment of units or mandatory redemption of units due to non-compliance with the provisions of the Act, SEBI circular(s) and KYC policy and/or where the AMC believes that transaction is suspicious in nature within the purview of the Act and SEBI circular(s) and reporting the same to FIU-IND. Know Your Customer (KYC) Formalities From 2nd February, 2008, it is mandatory to comply with 'Know Your Customer' (KYC) norms in respect of the applications for investment of Rs. 50,000/- and above for all the investor / applicants including NRI, guardians (in case of minors) and power of attorney holders. All investors including guardians and power of attorney holders need to complete 'Know Your Customer' (KYC) formalities through CVL (CDSL Ventures Ltd.) by completing a KYC application form along with photograph, PAN card and proof of address for individuals, or corporate documents for bodies corporate, in accordance with the Prevention of Money-Laundering Act, 2002 (PMLA), Rules issued thereunder and the guidelines / circulars issued by SEBI thereto. The Fund tied up with M/s CVL to increase reach and convenience of the investors. Applications for KYC along with PAN may be submitted at any "Point of Service" of CVL. All documents must be submitted in original along with a self-attested copy. The original will be returned across the counter after verification. Investors may also submit notarized copies of the requisite documents. Investors will receive an acknowledgement which needs to be submitted to the Fund along with a list of folio numbers, as evidence of having completed these two important regulatory requirements. As a majority of Mutual Funds have tied up with CVL. Investors need to complete these formalities ONCE across all such participating mutual funds. If investors have previously completed KYC formalities via CVL, they may submit a copy of KYC acknowledgement to the Fund along with a list of folio numbers for verification and update. All investments in Canara Robeco Mutual Fund need to comply with the PAN and KYC requirements as noted above. j) How to Switch : Unit holders will have the option to switch all or part of their investment from one Scheme to any of the other Scheme(s) under this Offer Document which is available for investment at that time. To effect a switch, unit holder must provide clear instructions. A request for a switch may be specified either in terms of amount or in terms of the number of units of the Scheme for which the switch is sought. Such instructions may be submitted in writing on any Business Day at any of the Investor Relations Centres or Office of the Registrar. An Account Statement reflecting the new holdings will be despatched to the unit holders. The switch will be effected by redeeming units from the Scheme in which the units are held and investing the net proceeds in the other Scheme(s), subject to the minimum balance and lock-in-period, if any, applicable for the respective Scheme(s). The price at which the units will be switched out of and into the Scheme(s), will be based on the Applicable NAV of the relevant Scheme(s) and considering any prevalent exit / entry loads or a combination thereof for switches. However no switch-in of investments is permissible into Canara Robeco Interval Scheme after the closure of the new fund offer except on the specified transaction date / period of the concerned series. k) Suspension of Repurchase of Units : The repurchase of units may be suspended temporarily or indefinitely under the following circumstances as enumerated below :
n
When one or more of the Stock Exchanges / Debt / Money Markets, which provides basis for valuation for a substantial portion of assets of the Schemes is closed or otherwise for ordinary holidays or trading is restricted. During the periods of extreme volatility in the stock market/debt/money market, which in the opinion of the Investment Manager, is prejudicial to the interest of the investors. A complete breakdown in the means of communication used for valuation of investment of the Schemes, or dislocation of business in the major financial markets and as a result value of securities cannot be correctly calculated. In case of natural calamity, strikes, riots, bandhs etc. In the event of any major disaster that affects the functioning of the Investment Manager or the Registrar. Declaration of war or occurrence of insurgency, or any other serious or sustained financial, political or industrial emergency or disturbance. If SEBI, by order, so directs.
n n
Before suspending the repurchase, approval will be obtained from the Board of AMC and Board of Trustees duly informing the details of circumstances and justification. The same will also be informed to SEBI in advance.
10. Returns and distribution

The Scheme may distribute, surplus if any, by way of dividend/ fully paid bonus units, as may be decided by the Trustees from time to time. If there is no distributable surplus or surplus amount is too small for distribution, in the opinion of the Trustees, the Dividend/Bonus declaration may not take place. The dividend so declared shall be compulsorily reinvested in the Scheme. The Scheme is not assuring or guaranteeing any dividend or returns. Income distribution, if declared, warrants will be issued within 30 days from the date of declaration of income distribution or such period that may be stipulated from time to time. The income distribution will be paid out of the net surplus of the Scheme, to those unit holders whose names appear in the register of unit holders on the date to be notified for the purpose. Dividend Reinvestment The units holders have the option to reinvest the dividend declared by the Scheme. Such unit holders opting to reinvest the dividend receivable by them shall invest in additional units of the Scheme. Upon exercising such option, the dividend due and payable to the unit holders will be compulsorily and without any further act by the unit holders reinvested in the Scheme. 19

The dividends so reinvested shall be constructive payment of dividends to the unit holders and constructive receipt of the same amount from each unit holder, for reinvestment in units. On reinvestment of dividends, the number of units to the credit of unit holder will increase to the extent of the dividend reinvested divided by the first 'Ex-income Distribution NAV' on the day of reinvestment as explained above. There shall, however, be no entry load on the dividends so reinvested. by the Investment Manager. Therefore the entire amount received during New Fund Offer period will be invested. ii. Initial Issue Expenses of past schemes (Schemes launched during the last one Fiscal )
11. Epenses
a) Under SEBI Regulations, the Fund is entitled to levy, Contingent Deferred Sale Charge (CDSC) to the Unit holders exiting from the Scheme within four years of purchase. The CDSC is aimed to allow the AMC to recover expenses incurred for promoting the Scheme which otherwise the Unit holders may have borne, if it had been a load scheme. In a no load scheme the Trustees reserve the right to levy the CDSC structure if they so deem fit in the interest of efficient running of the Fund. If the Trustees choose to change the CDSC structure, subscription made by the Unit holders prior to such date will attract CDSC applicable prior to such changes. The Scheme intends to charge the following Loads : Load ENTRY CDSC EXIT Load/Switch out load % of NAV Nil Nil Monthly Interval Plan : Nil if redeemed on / during Specified Transaction Date / Period 0.10% if redeemed at anytime other than Specified Transaction Date / Period Quarterly Interval Plan Nil if redeemed on / during Specified Transaction Date / Period 0.30% if redeemed at anytime other than Specified Transaction Date / Period Annual Interval Plan Nil if redeemed on / during Specified Transaction Date / Period 1.00% if redeemed at anytime other than Specified Transaction Date / Period The AMC reserves the right to change/modify load structure depending upon the circumstances prevailing at any given time. However, any change in the load structure shall be applicable on prospective investments only. The repurchase load and the switch-over load may be revised by the Investment Manager at any time up to a maximum of 7% of NAV. In any case imposition or enhancement of load shall be applicable to prospective investments after the date specified All loads including CDSC shall be credited to the Scheme. Such loads may be maintained in a separate account and may utilised towards meeting the selling and distribution expenses. Any surplus in this account may be credited to the Scheme, wherever felt appropriate by the AMC. The introduction or imposition of the Exit Load / CDSC along with the details will be disclosed in the Statement of Account issued. In accordance with SEBI (MF) Regulations, 1996, the repurchase price will not be lower than 95% of the NAV and the sale price will not be higher than 105% of the NAV, and that the difference between the repurchase price and the sale price shall not exceed 5% calculated on the sale price. The investors will be advised of the change in the load structure by the AMC through an Addendum attached to the Offer Document as well as a press release or an advertisement in the newspaper. Such addendum will be sent along with the newsletter to the investors periodically. The AMC will also inform the Investor Relation Centre/Distributors/Brokers/Intermediaries etc. of any change in the load structure. The latest modification in the load structure whether by way of Exit Load or CDSC will be stamped in the acknowledgment slip issued to the investor on submission of the application form and will also be disclosed in the Statement of Accounts issued after introduction of such load / CDSC. b) New Fund Offer Expenses : i. The initial issue expenses associated with the launch of this scheme will be borne
The Fund launched Canara Robeco Multicap Scheme, a close ended Equity Scheme on 05.12.2006 and had incurred a total new fund offer expenses of Rs. 8,41,07,537.52. The entire new fund offer expenses were borne by the Scheme and will be amortised over a period of five year form the date of allotment. The Fund launched Canara Robeco Fixed Maturity Plan 13M Series I, a close ended Debt Scheme on 16.03.2007 and had incurred a total new fund offer expenses of Rs. 13,29,077/-. The entire new fund offer expenses were borne by the AMC. The Fund launched Canara Robeco Fixed Maturity Plan 3M Series I, a close ended Debt Scheme on 03.05.2007 and had incurred a total new fund offer expenses of Rs.12,49,207.00. The entire new fund offer expenses were borne by the AMC. The Fund launched Canara Robeco Fixed Maturity Plan 1M Series I, a close ended Debt Scheme on 11.06.2007 and had incurred a total new fund offer expenses of Rs. 2,38,140.25. The entire new fund offer expenses were borne by the AMC c) Annual Scheme Recurring Expenses : As per the Regulations, the investment management fee and total annual scheme recurring expenses chargeable to the Scheme are as under: Limits Permissible under the Regulations for investment management fee: i. Not exceeding 1.25% of the average daily net assets of the Scheme outstanding in each accounting year, as long as the net assets do not exceed Rs. 100 Crs., and 1.00% of the amount in excess of Rs. 100 Crs., where net assets so calculated exceed Rs. 100 Crs., Additional management fee not exceeding 1% of the daily average net assets outstanding in each financial year for units allotted on No Load basis. However, this additional management fee to be charged is subject to the limits for total expenses prescribed under 52 (6) of the Regulations.
ii.
Such additional management fee shall only be charged till the actual initial issue expenses borne by the AMC, linked to the maximum extent of 6% of the initial mobilisation, are recovered. Limits Permissible under the Regulations for total annual scheme recurring expenses: i. ii. 2.25% on the first Rs. 100 cr. of average daily net assets. 2.00% on the next Rs. 300 cr. of average daily net assets
iii. 1.75% on the next Rs. 300 cr. of the average daily net assets iv. 1.50% on the balance of the average daily net assets However, the AMC has estimated the expenses as % of average daily net assets on a per annum basis is as follows : Category of expenses Investment management fee to be charged by the AMC. Trustee Fee Custodian fee Fees for Services of Registrar Brokerage & Transaction cost Marketing & Selling expenses, including agents commission Other expenses, directly attributable to the Scheme Total Retail Plan 0.35 0.05 0.05 0.05 0.05 0.30 0.15 1.00 Institutional Plan 0.35 0.05 0.05 0.05 0.05 0.20 0.00 0.75
The purpose of the table is to assist the investor in understanding the various costs and expenses that an investor in the Scheme will bear directly or indirectly. Any expenses incurred in excess of the above overall limits will be borne by the Investment Manager. These estimates have been made in good faith as per the information available to the AMC at the time of preparation of this Offer Document and are subject to change inter se. The total expenses may be more than as specified in the table above. However, as per the Regulations, the total recurring expenses that can be charged to the scheme shall be subject of the applicable guidelines.
20

It may be noted that the total scheme recurring expenses are limited to 1.00% and 0.75% of the daily average net assets of the Scheme for Institutional Plan and Retail Plan respectively. As such the Scheme shall meet all the expenses including management fee with these limits. make the repurchase/redemption requests, duly signed by him/them along with the attested copy of the death certificates and the proceeds of the repurchase/redemption will be paid to him/them. However, if the unit holding is specified as 'Anyone or Survivor', any one of the Unit Holders will be entitled to make redemption/repurchase requests, without the need for the other unit holders to sign. Unit holder may either request for mailing of the redemption proceeds to his/her address or collection of the same from the Investor Relations Centre, where it was deposited for repurchase. The repurchase warrant along with Statement of Account, under normal circumstances, will be despatched within the statutory time limit of 10 working days from the date of the receipt of the repurchase / redemption requests. Name of the centres where redemption can be effected is furnished on the last page of this document. c) Right to Limit Repurchase : In management of the Scheme, any disruption in the normal functioning of the markets for Call Money Market or extreme illiquidity in any of the investments held by the Scheme may affect the ability of the fund manager to buy or sell freely in the market. The Scheme strives to maintain an adequate and desirable level of liquidity. In the event of a large number of repurchase requests, the time taken by the Scheme for the repurchase may become significant. d) Nomination Facility : The Scheme offer the facility of nomination in terms of Regulation 29A of SEBI (Mutual Funds) Regulations. The terms and conditions are as follows : 1. The nomination can be made only by individuals applying for/holding units on their own behalf on sole or joint basis. Where the units are held by more than one person, the joint Unit holders may together nominate person (s) in whom all the rights in the units shall vest in the event of death of all the joint Unit holders. Non-individuals including Society, Trust (Other than a Religious or Charitable Trust), Body Corporate, Partnership Firms, Karta of HUF, Holder of Power of Attorney are not eligible to nominate. A minor can be nominated and in that event, the guardian shall also sign the Nomination Form besides furnishing his/her name and address. A nomination can also be in favour of Central Government, a Local Authority, any person designated by virtue of his office or a religious or charitable trust. A Non-Resident Indian can be nominated subject to the Exchange Control Regulations in force in the country, from time to time. Multiple nominations are permitted i..e more than one person can be nominated per folio covering the entire unit holding in such folio.
12. Redemption or Repurchase

Specified Transaction Date / Period : The Scheme being an interval scheme, provides for Specified Transaction Dates / Period / during which subscription / redemption / switches may be made in the Scheme without any load. The Specified Transaction Date / Period for each Scheme is as under : Monthly Interval Scheme Quarterly Interval Scheme Annual Interval Scheme Once every month Once every quarter Once every year
The Specified Transaction Period shall be open for one day for subscription / redemption / switch out / switch in without any load. Such specified transaction period will be fixed for one day every month in the case of monthly interval scheme, one day every quarter for quarterly interval scheme and one day every year in the case annual interval scheme. Such Specified Transaction Period shall be fixed after expiry of : a) One month from the date of allotment after the closure of the NFO in the case of Monthly Interval Scheme b) One Quarter from the date of allotment after the closure of the NFO in the case of Quarterly Interval Scheme c) One Year from the date of allotment after the closure of the NFO in the case of Annual Interval Scheme
In case the Specified Transaction Date / Period happen to be a non-business day, the immediate next business day shall be construed as the Specified Transaction Date / Period. Note : The exact date of Specified Transaction Date / Period would depend upon the date of allotment of the units after the closure of the NFO which in turn would depend upon the date of launch of the NFO. The Specified date/period will be mentioned in the Offer Document at the time of launching the Scheme. a) How to Repurchase: Repurchase facility under the Scheme shall commence after a maximum period of 30 days of the closure of the New Fund Offer and thereafter the facility will be available on Specified Transaction Date / Period as mentioned above without exit load and also on all other business days with applicable exit load. The minimum redemption amount for the Canara Robeco Interval Scheme is Rs. 1000.00 and in multiples of Re. 1.00 thereafter The repurchase requests can be made on the forms available at the Investor Relation Centres / Investor Services Centres of the Registrar or by submitting the duly discharged Statement of Account to the above entities. b. Applicable NAV for Repurchase of Units : For applications received upto 3.00 p.m. on Specified Redemption date/period, same day's closing NAV shall be applicable without exit load. For applications received after 3.00 pm. on Specified Redemption date/period, closing NAV of the next business day shall be applicable subject to exit load. For applications received upto 3.00 p.m. on all other business days, same day's closing NAV shall be applicable subject to exit load. For applications received after 3.00 pm, closing NAV of the next business day shall be applicable subject to exit load. The repurchase requests can be made on the forms available at the Investor Relation Centres or by submitting the duly discharged Statement of Account. Calculation of Repurchase Price : The exit load will be subtracted as a percentage of Net Assets Value (NAV) i.e. applicable load as a percentage of NAV will be subtracted from NAV to calculate Repurchase Price. The formula for calculation of Repurchase Price would be : Repurchase Price = Applicable NAV x (1-Exit Load, if any) e.g. if the applicable NAV is Rs.10.00 and repurchase / exit load is 2%, then the Repurchase Price will be Rs.9.8000. If units are held jointly, redemption/ repurchase requests shall be signed by all the joint holders and the proceeds of the repurchase/redemption will be paid to the first holder. In the event of the death of the first named holder, survivor/s will have to
2.
3.
4. 5.
6. The nomination once made in respect of a given folio would automatically extend to the units further acquired in the same folio. Similarly, if all the units in a folio are transferred/ repurchase/ redeemed from such folio, Nomination made in respect of such folio will automatically stand cancelled. 7. Nomination can be revoked/changed by submitting fresh Nomination Form, upon receipt of which the earlier nomination will stand cancelled. The cancellation of nomination can be made only by those individuals who hold units on their own behalf on sole or joint basis and who made the original Nomination. 8. On cancellation of the nomination, the AMC/the Fund shall not be under any obligation to pay the value of the units or transfer the units in favour of the Nominee. 9. Transfer of units in favour of a nominee or payment of the value of units to nominee shall be a valid discharge by the AMC/The Fund against the legal heir(s). 10. A valid Nomination, once made, will override a Will or other testamentary document(s) executed by the deceased Unit holder(s) and the Fund will not entertain any claim from any person other that the registered nominee. 11. Nomination forms received by the Fund will be scrutinised and the Nomination will be registered if the Form is found complete in all respects. For all valid nominations received, the Fund will allot a registration number and communicate the same to the Unit holder(s) concerned, who shall quote such number in all future correspondence. 21

12. For units held in electronic form, the Nomination shall be recorded with the respective Depository Participant. The Fund/AMC may not accept any Nomination in respect of such units. Applicant(s)/Unit Holders(s) desirous of availing Nomination facility may use the Nomination Form provided in the Application Form or may obtain Nomination Form together with instructions/guidelines from R&T Agents/Investor Relation Centres. e) Electronic Clearing System (ECS) : Reserve Bank of India (RBI) has implemented an ECS for direct credit of moneys to investors at certain pre-designated centres. Under this system, the AMC proposes to provide the details of individual investors' accounts to RBI along with the amount to be credited to each account. RBI or its designated affiliate handles the actual process of crediting the investors' account. ECS is also a safe and convenient way for investors to receive the repurchase proceeds. The centres where ECS payments can be made and the number of days taken to credit the amount are subject to the rules governing ECS, as amended from time to time, and the technology in place to administer the system. Investors who desire to have repurchase proceeds paid through ECS should complete an ECS mandate form, along with the minimum required information. If the investor desires to change the account where the repurchase proceeds should be credited, then the investor can submit a fresh mandate giving the new account particulars either to the AMC at any of its designated offices. The AMC will make the best endeavour to comply with the requirements of RBI or the participating banks to effect a smooth credit of funds under the ECS. The actual process, thereafter, would be in the hands of the bank implementing the ECS mechanism in each centre. f) Direct Credits : Some banks have reached a level of technology implementation whereby they are in a position to credit the proceeds to the account of the account holders electronically. For the investors who have an account with such banks the AMC will, in consultation with the bank and under advice to unit-holders, directly credit the repurchase amount to the account of the investors based on the account details provided by the investors, against proper mandate / authorisation. The investor has a choice of changing his option about the method of receiving the repurchase proceeds, if he/she so desires. For this purpose, the investor has to communicate the change in details to the AMC or to its Investor Relations Centres. The Fund/AMC or its Sponsors do not take any responsibility or liability if there are delays in crediting the repurchase proceeds amount to the account of the Unit holder, consequent to failure of the ECS / Direct Credit mechanism or if the payment instructions given by the Fund/AMC are not duly complied with. Further, the Fund/AMC will also not be liable or responsible if wrong credits are effected by the ECS / Direct Credit system, save and except to the extent that if such wrong credit has resulted due to the wrong information given by the Fund/AMC. The Trustees / Investment Manager retain the rights to provide / withdraw the facilities of Electronic Clearing System and / or Direct Credit and there is no commitment on the Fund / Investment Manager to offer such facility. of the Scheme, including the fees of the Investment Manager. The Trustees shall distribute proceeds to the unit holders, in proportion to their respective interests, all proceeds derived from the realisation of the investments, after recovering all costs, charges, expenses, claims, liabilities, whether actual or contingent, incurred, made or apprehended by the Trustees in connection with or arising out of the winding up of the Scheme. It will be ensured that the redemption proceeds are despatched to the unit holders within a maximum period of ten working days from the date of completion of winding up of the Scheme.
14. Tax Provisions

Brief Statement of Tax Provisions applicable to mutual fund and its Unit holders. Tax Benefits to the Mutual Fund: The entire income of the Mutual Fund is exempt from income tax in accordance with the provisions of sec. 10 (23D) of the Income tax Act, 1961. The income received by the Fund is not liable for deduction of tax at source. Income received by unit holders in respect of the units of the Mutual Fund would be tax free in the hands of the unit holders in accordance with the provisions of section 10(35) of the Act. Distribution Tax On income distribution, if any, made by the Mutual Fund, additional income-tax is payable under Section 115R of the Act, in the case of its Schemes (other than openended equity-oriented funds i.e. such fund where the investible funds are invested by way of equity shares in domestic companies to the extent of more than 65% of the total proceeds of such fund). The dividend distribution tax shall be payable by the mutual fund at the rate of 14.1625% (including surcharge and education cess) on income distributed to an individual/ Hindu Undivided Family (HUF) and at the rate of 22.66% (including surcharge and education cess) on income distributed to other than individual / HUF. In case of Money Market and Liquid Schemes the dividend distribution tax shall be payable by Mutual Fund at the rate of 28.325% (including surcharge and education cess) on income distributed to investors. Long Term Capital Gains Tax (LTCG) Under Section 2(29A) of the Act, read with section 2(42A) of the Act, a unit of a Mutual Fund is treated as a long-term capital asset if the same is held for more than 12 months. If the unit is held for 12 months or less the same is treated as short-term capital asset. Under Section 112 of the Act, capital gains chargeable on transfer of long term capital assets are subject to tax at the rate of 20%. The capital gains will be computed by deducting the following amounts from the sale consideration: a) Expenditure incurred wholly and exclusively in connection with such transfer, and b) Cost as inflated by the cost inflation index notified by the Central Board of Direct Taxes (CBDT). However, the maximum tax payable on long term capital gains on units is restricted to 10% of capital gains calculated without indexation of cost of acquisition. In case of an individual or Hindu Undivided Family (HUF), being a resident, where the total income as reduced by the long term capital gains is below the maximum amount not chargeable to tax (Rs. 1,10,000 in case of all Individuals, Rs. 1,35,000 incase of women and Rs. 1,85,000 incase of senior citizens), the long term capital gains shall be reduced to the extent of the shortfall and only the balance long term capital gains will be subject to the flat rate of taxation. In addition to the aforesaid tax, in case of an individual, HUF or Association of Persons (AOP), where the income exceeds Rs. 10 lakhs, additional surcharge and cess is payable by all categories of taxpayers. The Long term capital gains on transfer of units would be exempt from tax under Sec 54EC and Sec 54ED subject to the conditions prescribed in these sections. These sections require investments in specified bonds or specified capital issue. However, if the amount invested is less than the capital gains realized, only proportionate capital gains would be exempt from tax. Short Term Capital Gains Tax (STCG) Gains other than long term capital gains (short term capital gains) arising to a unit holder will be taxed at the normal rate applicable to that unit holder as per the provisions of the Act. Capital Losses The capital loss resulting from sale of units would be available for setting off against other capital gains made by the investor and would reduce the tax liability of the investor to that extent. However, losses on transfer of long term capital assets would be allowed to be set-off only against gains from transfer of long-term capital assets
13. Winding up of the scheme

Regulation 39(2) of SEBI (Mutual Funds) Regulations, 1996, provides that a Scheme of a Mutual Fund may be wound up, after repaying the amount due to the unit holders ; a. b. c) On the happening of any event which, in the opinion of the Trustees, requires the Scheme to be wound up ; or if 75% of the unit holders of a Scheme pass a resolution that the Scheme be wound up ; or if SEBI so directs in the interest of unit holders.
Where a Scheme is wound up under the above Regulation, the Trustees shall give notice disclosing the circumstances leading to the winding up of the Scheme : a. b. to SEBI; and in two daily newspapers having circulation all over India and a vernacular news paper circulating at the place where the Mutual Fund is formed.
In case of winding up of the Scheme, the Trustees shall proceed as follows : From the proceeds of the assets of the Scheme, the Trustees shall first discharge all liabilities of the Scheme and make provision for meeting the expenses of winding up
22

and the balance long-term capital loss shall be carried forward separately for a period of eight assessment years to be set off only against long-term capital gains. Short Term capital loss (other than losses arising from sale / repurchase of equity oriented units) suffered on sale / repurchase on units shall be available for set off against long term and short term capital gains (and can be carried forward for set off against both long term and short term capital gains) arising on sale of other assets and balance unabsorbed short-term capital loss can be carried forward and set off against the income under the head capital gains during subsequent eight assessment years. Provision for Dividend Where a person buys any units within a period of three months before the record date, sells such units within nine months after such date and the dividend income on such units being exempt from tax, the capital loss on such sale to the extent of the dividend income cannot be set off against other gains. Provision for Bonus Where a person buys units (original units) within a period of three months before the record date, receives bonus units on such original units, and then sells the original units within a period of 9 months from the record date and continues to hold the bonus units, then the loss incurred on the original units shall not be allowed to be set off against other profits but shall be deemed to be the cost of the bonus units. Tax Deduction at Source As per the provisions of Section 194K and 196A of the Act, no deduction of tax at source shall be made from income distributed or paid by a mutual fund to a unit holder. As per circular no. 715 dated August 8, 1995 issued by the CBDT in case of resident unit holders, no tax is required to be deducted at source from capital gains arising at the time of repurchase or redemption of the units. Under Section 195 of the Act, the Mutual Fund is required to be deducted tax at source at the rate of 20.00% on any long-term capital gains if the payee unit holder is a non-resident (not being a company) or a foreign company. In respect of shorterm capital gains, tax is required to be deducted at source at the rate of 30.00% if the payee unit holder is a non-resident individual and at the rate of 40% if the payee unit holder is a foreign company. As per circular no. 728 dated October 30, 1995 issued by the CBDT, in the case of a remittance to a country with which a Double Tax Avoidance Agreement (DTAA) is in force, the tax should be deducted at the rate provided in the Finance Act of the relevant year or at the rate provided in the DTAA, whichever is more beneficial to the assessee. In order for the unit holder to obtain the benefit of a lower rate available under a DTAA, the unit holder will be required to provide the Mutual Fund with a certificate obtained from his Assessing Officer stating his eligibility for the lower rate. Investments by Charitable and Religious Trusts Units of a Mutual Fund scheme referred to in clause 23D of section 10 of the Income Tax Act, 1961, constitute an eligible avenue for investment by charitable or religious trusts as per rule 17C of the Income Tax Rules, 1962, read with clause (xii) of subsection (5) of section 11 of the Income Tax, 1961. Wealth-tax Units of the Mutual Fund are not treated as assets under Wealth-tax Act, 1957 and therefore would not be liable to wealth-tax. Gift-tax The Gift-tax Act, 1958 has ceased to apply to gifts made on or after October 1, 1998. Gifts of Units of the Mutual Fund would therefore, be exempt from gift-tax. The above statement of possible direct tax benefits / consequences sets out the provisions of law in a summary manner only and is not a complete analysis or listing of all potential tax consequences of the purchase, ownership and disposal of mutual fund units. The statements made above are based on the tax laws in force as interpreted by the relevant taxation authorities as of date. NOTE : In the case of joint holding, the tax benefits are available to each joint holder in the same proportion as their individual contribution. The above list of tax treatment is not exhaustive and depends on specific entitlements of the assessee and his affairs and therefore the treatment may vary from case to case basis. In view of the individual nature of tax benefits, each investor is advised to consult his or her own tax consultant with respect to the specific tax implications arising out of his or her participation in the Scheme from the date of applicability of the various provisions furnished above. The tax benefits stated above, in brief, are in accordance with prevailing tax laws. ii.
15. Net Asset Value & Valuation of Securities

The computation of NAV, valuation of securities / assets, accounting policies and standards would be in conformity with the SEBI (Mutual Funds) Regulations, 1996 and guidelines issued from time to time. The NAV per unit shall be calculated as follows : Market or Fair Value of Scheme's investments + Current assets - Current Liabilities and Provisions _______________________________________ = NAV (Rs.) No. of Units outstanding under the Scheme The price arrived shall be rounded off upto four decimals. The NAV/ Repurchase price calculated as above under each plan/series will be published in two news papers on a weekly basis by way of press release / advertisement. The Fund also updates the NAV / Repurchase prices on AMFI /the Funds website on daily basis. In addition, the NAV / Repurchase prices on daily basis will be available at the Investor Relations Centres. Valuation of Assets : Traded Securities : i. Traded Securities shall be valued at the last quoted closing price on the Stock Exchange. When the securities are traded on more than one recognised stock exchange, the securities shall be valued at the last quoted closing price on the stock exchange where the security is principally traded. When on a particular valuation day, a security has not been traded on the principal stock exchange, the value at which it has been traded on another stock exchange is used. When a debt security (other than Government securities) is not traded on any stock exchange on a particular valuation day, the value at which it was traded on the principal stock exchange or any other stock exchange as the case may be, on the earliest previous day, may be used, provided such date is not more than fifteen days prior to the valuation date. When a debt security other than Government securities is purchased by way of private placement, the value at which it was bought may be used for a period of fifteen days beginning from the date of purchase. Call money placements are valued at cost.
iii.
iv
Thinly Traded Debt Securities : A debt security (other than Government Securities) shall be considered as a thinly traded security if on the valuation date, there are no individual trades in that security in marketable lots (currently Rs. 5 Crores) on the principal stock exchange or any other stock exchange. In order to determine whether a security is thinly traded or not the volumes traded in all recognised stock exchanges in India may be taken into account. A thinly traded debt security as defined above would be valued as per the norms set for non-traded debt security. Non Traded Securities : A debt security is not traded on any stock exchange for a period of fifteen days prior to the valuation date the scrip will be treated as a 'non traded' security. Valuation : a. Non Traded /Thinly Traded Debt Securities of Upto 182 Days to Maturity : In the absence of any other standard benchmarks in the market, debt securities purchased with residual maturity of upto 182 days are to be valued at cost (including accrued interest till the beginning of the day) plus the difference between the redemption value (inclusive of interest) and cost spread uniformly over the remaining maturity period of the instrument. b. Non Traded/ Thinly Traded Debt Securities of Over 182 Days to Maturity Debt securities purchased with maturity of greater than 182 days are to be valued at the last valuation price (instead of purchase cost) plus accrued interest till the beginning of the day plus the difference between the redemption value (inclusive of interest) and cost spread uniformly over the remaining maturity period of the instrument, if at the time of its valuation they have a residual maturity of upto 182 days. All other non traded Non Government Debt instruments will be valued using the following method: c. Non Traded / Thinly Traded Non Government Debt Securities of over 182 days to maturity : 23

For the purpose of valuation, all Non Traded Non Government Debt Securities would be classified into "Investment grade" and "Non Investment grade" securities based on their credit ratings. The non-investment grade securities would further be classified as "Performing" and "Non Performing" assets
n
All Non Government investment grade debt securities, classified as not traded, shall be valued on yield to maturity basis as described below. All Non Government non investment grade performing debt securities would be valued at a discount of 25% to the face value All Non Government non investment grade non performing debt securities would be valued based on the provisioning norms.
Non-traded T - Bills with residual maturity greater than 182 days (not traded for more than 15 days or one which would qualify as a thinly traded security), shall be valued at prices provided by the agency suggested by the AMFI on a daily basis. In the event of non availability of such prices for any reason whatsoever prices released by other competent agencies will be used, failing which, average of the indicative bid price quotes obtained from two government securities brokers will be used. In respect of convertible debentures and bonds, the non-convertible and convertible components shall be valued separately. The non-convertible component would be valued on the same basis as would be applicable to a debt instrument. Where instruments have been bought on 'repo' basis, the instrument would be valued at the resale price after deduction of applicable interest upto the date of resale. Where an instrument has been sold on a 'repo' basis, adjustment would be made for the difference between the repurchase price (after deduction of applicable interest upto date of repurchase) an the value of the instrument, the depreciation would be provided for and if the repurchase price is lower than the value of the instrument, credit would be taken for the appreciation. Valuation in respect of Non Performing Assets: Valuation in respect of Non Performing Assets (Debt Securities) will be done in accordance with SEBI Guidelines for identification and provisioning for NPAs issued vide cicular dated 18th September,2000 bearing reference no. MFD/CIR/8/92/2000 as amended from time to time. Accrual of Expenses & Income : All expenses and incomes accrued upto the valuation date shall be considered for computation of net asset value. For this purpose, while major expenses like management fees and other periodic expenses should be accrued on a day to day basis, other minor expenses and income need not be so accrued, provided the nonaccrual does not affect the NAV calculations by more than 1%. Recording of Changes: Any changes in securities and in the number of units will be recorded in the books not later than the first valuation date following the date of transaction. If this is not possible, given the frequency of NAV disclosure, the recording may be delayed up to a period of seven days following the date of the transaction, provided as a result of such non recording, the NAV calculations shall not be affected by more than 2%. The valuation guidelines as outlined above are within the parameters of prevailing regulations and are subject to changes from time to time by AMC and/or Trustees. However such changes would be in conformity with the regulations.
The approach in valuation of non traded debt securities is based on the concept of using spreads over the benchmark rate to arrive at the yields for pricing the non traded security. The Yields for pricing the non traded debt security would be arrived at using the process as prescribed in accordance with SEBI Guidelines for valuation of securities issued vide circular dated 18th September, 2000 bearing reference No. MFD/CIR/8/92/2000 as amended from time to time. Valuation of securities with Put/Call Options The option embedded securities would be valued as follows: Securities with call option : a. The securities with call option shall be valued at the lower of the value as obtained by valuing the security to final maturity and valuing the security to call option. In case there are multiple call options, the lowest value obtained by valuing to the various call dates and valuing to the maturity date is to be taken as the value of the instrument. The securities with put option shall be valued at the higher of the value as obtained by valuing the security to final maturity and valuing the security to put option In case there are multiple put options, the highest value obtained by valuing to the various put dates and valuing to the maturity date is to be taken as the value of the instruments.
b.
Securities with Put option a.
b.
Securities with both Put and Call option on the same day The securities with both Put and Call option on the same day would be deemed to mature on the Put/Call day and would be valued accordingly. Illiquid Securities : a. Aggregate value of "illiquid securities" of scheme, which are defined as nontraded, thinly traded and unlisted equity shares, shall not exceed 15% of the total assets of the scheme and any illiquid securities held above 15% of the total assets shall be assigned zero value. All funds shall disclose as on March 31 and September 30 the scheme-wise total illiquid securities in value and percentage of the net assets while making disclosures of half yearly portfolios to the Unit Holders. In the list of investments, an asterisk mark shall also be given against all such investments which are recognised as illiquid securities. Mutual Funds shall not be allowed to transfer illiquid securities among their schemes.
16. Accounting Policies & Standards

In accordance with the SEBI (MF) Regulations, 1996, the Investment Manager follows the Accounting Policies and Standards as under: 1. The Investment Manager, for each Scheme, keeps and maintains proper books of accounts, records and documents, so as to explain its transactions and to disclose at any point of time the financial position of the Scheme and in particular give a true and fair view of state of affairs of the Fund. For the purpose of the financial statements, the Scheme shall mark all investments to market and carry investments in the Balance Sheet at the market value. However, since the unrealised gains arising out of appreciation on investments can not be distributed, provision shall be made for its exclusion when calculating distributable income. Non traded investments shall be valued by the Investment Manager on the basis of appropriate valuation method as prescribed by SEBI. In respect of interest - bearing investments, income is accrued on a day to day basis as it is earned. Therefore when such investments are purchased, interest paid for the period from the last interest due date up to the date of purchase will not be treated as cost of purchase. Similarly, interest received at the time of sale for the period from the last interest due date up to the date of sale will not be treated as an addition to sale value but must be credited to Interest Recoverable Account. In determining the holding cost of investments gain or loss on sale of investments, the Average cost method is followed for each security.
b.
2.
c.
3. 4.
While investment in call money, bills purchased under rediscounting scheme and short term deposits with banks shall be valued at cost plus accrual; other money market instruments shall be valued at the yield at which they are currently traded. For this purpose, non-traded instruments, that is instruments not traded for a period of seven days, will be valued at cost plus interest accrued till the beginning of the day plus the difference between the redemption value and the cost spread uniformly over the remaining maturity period of the instruments; All Government Securities ( not traded for more than 15 days or one which would qualify as a thinly traded security ) shall be valued at prices provided by the agency suggested by the AMFI on a daily basis. In the event of non availability of such prices for any reason whatsoever, prices released by other competent agencies will be used, failing which, average of the indicative bid price quotes obtained from two government securities brokers will be used. Non traded T-bills with residual maturity upto 182 days (not traded for more than 15 days or one which would qualify as a thinly traded security), will be valued on straight-line amortization of last traded YTM or purchased YTM. 24
5.
6. Transactions for sale and purchase of Securities are recognised as on the trade date so that the effect of all investments traded during a financial year are recorded and reflected in the financial statements for that year. Where investment transactions take place outside the market, for example, acquisition through private placements or purchase or sale through private treaty, the

transactions shall be recorded, in the event of a purchase as of the date on which the Scheme obtains an enforceable obligation to pay the price or, in the event of a sale, when the Scheme obtains an enforceable right to collect the proceeds of sale or an enforceable obligation to deliver the instrument sold. 7. When open ended scheme units are sold, difference between the sale price and the face value of the units, if positive, shall be credited to reserve, and if negative, shall be debited to reserve, the face value being credited to the capital account. Similarly, when the units are repurchased, after considering the equalisation as above, the difference between the purchase price and the face value of the units, if positive, shall be debited to reserve and, if negative, shall be credited to the reserve and the face value being debited to the capital account. In the case of an Open Ended Scheme, when units are sold, an appropriate part of the sale proceeds shall be credited to an Equalisation Account and when units are repurchased an appropriate amount shall be debited to Equalisation Account. The net balance in this account shall be credited or debited to the revenue account .The balance in the equalisation Account debited or credited to the revenue account shall not increase or decrease the net income of The Fund but only an adjustment to the distributable surplus. It shall therefore be reflected in the revenue account only after the net income of the Fund is determined. c. Name, address, Telephone Nos. of contact persons, who take care of investors' queries and complaints is furnished on the last page of this document. Appointment of AMC can be terminated by majority of the Trustees or by 75% of the unit holders of the Scheme. The unit holder may also ascertain about any further changes including the Load Structure, after the date of Offer Document from the Fund or its Investor Relations Centres / Distributors / Brokers. Following documents are available for inspection by the investors at the Registered Office of the Investment Manager Canara Robeco Asset Management Company Ltd., Construction House, 4th Floor, 5, Walchand Hirachand Marg, Ballard Estate, Mumbai 400 001 on any working day during business hours. 1. 2. 3. 4. 5. 7. The Trust Deed Investment Management Agreement The Scheme Rules and Regulations Agreement entered into with Custodians. Consent from the Auditors to act in the said capacity. Half Yearly Portfolio of all existing schemes.
8.
9. The cost of investment acquired or purchased shall include brokerage and any charge customarily included in the Brokers' bought note. In respect of direct subscriptions, any front end discount offered shall be reduced from the cost of investment. 10. Underwriting commission shall be recognised as revenue only when there is no devolvement on the Scheme, the full underwriting commission received and not merely the portion applicable to the devolvement shall be reduced from the cost of investment. Based on the recommendations of the Guidance Note on Accounting for Invesments in the Financial Statements of Mutual Funds by the Institute of Charterd Accounts of India (pursuant to the Eleventh Schedule of the SEBI Regulations) the unrealised appreciation / depreciation is ascertained on the basis of category of investments. The unrealised appreciation so calculated is transferred to unrealised appreciation reserve, and whereas, depreciation on investments, if any, as computed above is provided in the Revenue Account The accounting policies and standards outlined above are as per the existing regulations and are subject to changes as per changes in the SEBI regulations.
6. The Audited Balance Sheets of the various schemes of the Fund. 8. SEBI (Mutual Fund) Regulations, 1996 issued by Securities and Exchange Board of India. 9. Indian Trust Act, 1882. 10. Memorandum and Articles of Association of the Investment Manager.
19. Investor Grievances and Redressal

The Canara Robeco Mutual Fund has an investor base of 282728 as on 31.12.2007. The Fund has appointed three Registrars to service the investors and is constantly monitoring their functioning, by interacting with them, to provide efficient and expeditious service to the investors. 21 Investor Relation Centres have been set up at important places to give efficient service to the investors. The statistical data for investor complaints / queries received are as follows: From 01.04.04 01 04 05 01.04.06 To 31.03.05 31.03.06 31.03.07 Complaints / Queries Received * 41634 33149 15566 Pending Complaints / Queries* 140 145 27 * includes request for change of address, general correspondence etc. Opening Balance Non Receipt of account statements /Certificates 6 Non- Receipt of duplicate Certificates 0 Non-Receipt of D/W and/ or I/W 16 Non-Receipt of Redemption Warrant/ Revalidation 5 Non-receipt of Intimation of change of Address 0 Total 27 Particulars Received Resolved 01.04.07 31.12.07 17410 82
17. Other Terms

a) Power to make rules: The Trustees may from time to time prescribe such forms and make such rules for the purpose of giving effect to the provisions of the plan with power to the Trustees to add to, alter or amend all or any of the forms and rules that may be formed, from time to time. b) Miscellaneous: The Trustees may from time to time, add to or amend or alter all or any of the term of this plan with prior approval from SEBI and such amendments shall be in conformity with the guidelines and notifications issued by SEBI / GOI. The forms of Canara Robeco Interval Scheme including any amendments thereof from time to time shall be binding on each holder of Canara Robeco Interval Scheme and any person claiming through or under him / her / them, as if he / she / they had expressly agreed that they should be so binding.
Outstanding
318 35 1285 697 0 2335
317 35 1263 665 0 2280
7 0 38 37 0 82
18. Investors' Rights and Services

a. An abridged Scheme-wise annual report shall be mailed to all unit holders not later than six months from the date of closure of the relevant accounting year and the full annual report shall be made available for inspection at the Head Office of the Fund and a copy shall be made available to the Unit holders on request on payment of nominal fees, if any. Before expiry of one month from the close of each half year that is on 31.03 and 30.09, the Fund shall publish its un-audited financial results in one national English daily newspaper and in a newspaper in the language of the region where the Head Office of The Fund is situated. These shall also be displayed on the web site of the Mutual Fund and that of AMFI. Full portfolio in the prescribed format shall also be disclosed either by publishing it in the newspaper or by sending to the Unit holders within one month from the end of each half year and it shall also be displayed on the web site of the Fund.
Complaints received from Investors through SEBI : (From 01.04.2007 to 31.12.2007) Number of Complaints c/f from previous year Nil Number of Complaints Received till 31.12.2007 37 Number of Complaints Redressed till 31.12.2007 37 Number of Complaints Pending till 31.12.2007 Nil
b.
The Investor Relation Department of the Fund closely monitors the complaints received through SEBI and follows up with Registrars for redressal.
20. Penalties & Pending Litigation

1. All cases of penalties awarded by SEBI under the SEBI Act or any of its regulations against the Sponsors of the Mutual Fund or any company associated with the Sponsors in any capacity including the Asset Management Company, Trustee 25

Company/Board of Trustees, or any of the directors or key personnel (specifically the Fund Managers) of the Asset Management Company and Trustee Company. The nature of the penalty must be disclosed. During the last five years, neither SEBI nor any other Regulatory body has awarded any penalty under SEBI Act or Regulations and there is no enquiry or adjudication proceeding/s, that are in progress against the Sponsors or any company associated with the Sponsors in any capacity including the AMC, the Board of Trustees or any of the Directors or key personnel of the AMC under the SEBI Act or any other Regulations. In addition, no penalties have been awarded for any economic offences and violation of securities laws. 2. For Sponsors and its associates, other than the penalties as mentioned above, the penalties awarded by any financial regulatory body, including stock exchanges, for defaults in respect of shareholders, debenture holders and depositors shall also be disclosed. Additionally, penalties awarded for any economic offence and violation of any securities laws shall be disclosed. The Reserve Bank of India has imposed a penalty of Rs 5,00,000.00 on Canara Bank for deficiencies in computation of DTL/NDTL for the purpose of maintenance of CRR/SLR during the period prior to September,2005. The Netherlands Competition Authority (NMA): In April 2004, Rabobank Nederland, along with seven other Dutch banks was fined by the Netherlands Competition Authority (NMA) in a case accusing Interpay (a clearing house set up by these banks) of charging excessive rates in connection with network services for debit card transactions. Though Rabobank was fined a sum of Euros 3,900,000 in December 2005, NMA made downward adjustment of the fine to Euros 3,275,000. 3. Any pending material litigation proceedings incidental to the business of the Mutual Fund to which the Sponsors of the Mutual Fund or any company associated with the Sponsors in any capacity including the AMC, Board of Trustees/ Trustee Company or any of the directors or key personnel is a party. Bank, has over 2500 branches and Robeco Groep N V has several offices across the world. To the best of our knowledge and belief, no criminal cases which may affect the business of Mutual Fund are pending against the Sponsors or any company associated with the Sponsors in any capacity or any of the Directors or key personnel. Further, there is no deficiency in the systems and operations of the sponsors, Board of Trustees or any company associated with the sponsors in any capacity such as the AMC, which SEBI or any other regulatory agency has specifically advised to be disclosed in the offer document. Any enquiry/adjudication proceedings under the SEBI Act and the Regulations made there under, that are in progress against the Sponsors of the Mutual Fund or any company associated with the Sponsors in any capacity such as the AMC, Board of Trustees/Trustee Company or any of the Directors or key personnel of the Asset Management Company shall be disclosed. - None
21. Due diligence by the AMC

It is confirmed that : (a) The Offer Document forwarded to SEBI, is in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, and the guidelines and directives issued by SEBI, from time to time. (b) All legal requirements connected with the launching of the Scheme as also the guidelines, instructions, etc., issued by the Government and any other competent authority in this behalf, have been duly complied with. c. The disclosures made in the Offer Document are true, fair and adequate to enable the investors to make a well informed decision regarding investment in the Scheme. All the intermediaries named in the Offer Document are registered with SEBI and till date such registration is valid. Signature : Name : Trupti Vyas Compliance Officer Canara Robeco Asset Management Company Ltd.
d.
a. Two Civil Suits are pending before the City Civil Court, Bangalore claiming Rs.22,461.00, as compensation and interest in Canstar Scheme. Cases are also pending before various Consumer Foras alleging deficiency of services by R&T Agents, and also concerning suspension of repurchase facility under Canstar Scheme. The cases are at various stages of hearing/appeal. The Fund has taken necessary steps as legally advised. b. The Mutual Fund is defending and / or filed cases in the Special Court constituted under the Special Court (Trial of Offences relating to transactions in Securities) Act, 1992 for the claims arising out of scam related transactions. The Fund has taken necessary steps as legally advised. Writ Petitions have been filed before the Hon'ble Bombay High Court & Hon'ble Calcutta High Court, for direction to prohibit Robeco Mutual Fund from converting the close ended Cantriple+ Scheme into open ended and for direction regarding payment of three times the original investment. Cases are also pending before various Consumer Foras claiming three times the investment in Cantriple+ Scheme. The cases are at various stages of hearing. The Fund has taken necessary steps as legally advised. There are about 32 consumer complaints (including appeals) filed by various parties against the Fund in respect of the various schemes floated by CMF, which are pending. About 40 consumer complaints (including appeals) filed by various parties against GIC Mutual Fund/GICAMC in respect of the various schemes floated by GIC Mutual Fund, which are pending. Pursuant to take over of all the GIC Mutual Fund Schemes by the Fund with effect from 15.10.2005, the said cases are being defended by CMF as legally advised. In respect of the cases mentioned above, the Fund / Investment Manager will abide by the final decision of the cases. 4. Any pending criminal cases against the Sponsors or any company associated with the Sponsors in any capacity including the AMC, Board of Trustees/Trustee Company or any of the directors or key personnel should also be disclosed separately. A criminal complaint was filed by Mr. Dilip Cheriwal before the First Class Judicial Magistrate, Patna against Canara Robeco Mutual Fundand four of the then Trustees respectively in Cantriple+ Scheme. A petition filed by one Seth Sagarmal Bagrodia Charitable Trust against Canara Robeco Mutual Fund and others in Cantriple+ Scheme is also pending before MRTP, New Delhi. These cases are being defended as legally advised. Save and except what is stated above, no criminal cases are pending against the Sponsors, any company associated with the Sponsors in any capacity, AMC, Board of Trustees, any of the Directors or key personnel. The Sponsors, Canara 26
Date : 11.01.2008 Place : Mumbai
IMPORTANT NOTICE : NOTWITHSTANDING ANYTHING CONTAINED IN THE OFFER DOCUMENT THE PROVISIONS OF THE SEBI (MUTUAL FUNDS) REGULATIONS, 1996 AND THE GUIDELINES THEREUNDER SHALL BE APPLICABLE.
c.
Canara Robeco Asset Management Company Ltd.

Sales Offices
AHMEDABAD Krunal Shah, Tower A, Unit No: 402/B, 4th Floor, Ganesha Plaza, Opp. Navrangpura Bus Stand,Off. C. G. Road, Ahmedabad 380 009. Email: crmf.ahmedabad@canararobeco.com Tel: (079) 66610423 Cell: 98984 63830 BANGALORE S. Parthasarathy / Mrutyunjaya D. Patil, VI Floor, Naveen Complex, 14, M. G. Road, Bangalore 560 001. Email: crmf.bangalore@canararobeco.com Tel.: (080) 25594730, 25594731 Fax: (080) 25584521 S. Parthasarathy: 98453 89764 M. D. Patil: 9886675234 BHOPAL Saptarshi Ghosh, Kay Kay Business Centre, 1st Floor, 133, Zone 1, M.P. Nagar, Bhopal 462 011.Email: crmf.bhopal@canararobeco.com Tel.: (0755) 3013648 Cell: 98268 83317 CHANDIGARH Shivagnanam, SCO 333-334, 1st Floor, Sector 35 B, Chandigarh 160 022. Email: crmf.chandigarh@canararobeco.com Tel: (0172) 2648007 Fax: (0172) 2600531 Cell: 98156 18007 CHENNAI K. Venkatesan, 770-A, 1stFloor, Spencer Annexe, Anna Salai, Chennai 600 002. Email: crmf.chennai@canararobeco.com Tel.: (044) 28492598 Fax: (044) 28497023 Cell: 98404 44879 COIMBATORE N. S. Srinivasan, Door No. A/1, Thiruvenkataswamy Road (East), R .S Puram, Coimbatore 641 012. Email: crmf.coimbatore@canararobeco.com Tel: (0422) 2546453 Cell: 94433 30557 DELHI Prabhat Kumar, 306, Kanchen Junga Building., 18, Barakambha Road, New Delhi 110 001. Email: crmf.delhi@canararobeco.com Tel.: (011) 23326417, Fax (011) 23354780 Cell: 98180 31699 GOA Govind Gawas, Souza Towers, 1st Floor, Unit No F-13, Opp. Muncipal Garden, Panaji, Goa 403 001. Email: crmf.goa@canararobeco.com Tel.: (0832) 2422415, 6450631 Cell: 98812 83854, 94224 45776 HYDERABAD P. Viswanadh, Flat No. 201/202, IInd Floor, Sanatana Eternal, Door No.3-6-108/1, Road No. 19,Himayat Nagar, Hyderabad 500029. Email: crmf.hyderabad@canararobeco.com Tel.: (040) 23261481/1482 Fax: (040) 23261480 Cell: 94404 65432 KOCHI C. R. Venkitachalam, Door No. XL/6030, 1st Floor, Al-Falah Plaza, Opp. Oriental Bank of Commerce, Broadway North End, Kochi 682 031. Email: crmf.kochi@canararobeco.com Tel.: (0484) 2364846 Fax: (0484) 2364836 Cell: 94471 64846 KOLKATA Nilotpal Banerjee, Mangalam 'A', Room No. 304, 3rd Floor, 24, Hemanta Basu Sarani Kolkata 700 001. Email: crmf.kolkata@canararobeco.com Tel.: (033) 30288275, 30283275 Fax: (033) 30280275 Cell: 98302 81046 KOTTAYAM C/o. Canara Bank,Western Gate, Temple Road, Thirunakkara, Kottayam 686 001. Email: crmf.kottayam@canararobeco.com Tel: (0481) 2583122 LUDHIANA Rohit Arora, Room No. 328, 3rd Floor,Ludhiana Stock Exchange Building, Feroze Gandhi Market, Ludhiana 141 001. Email: crmf.ludhiana@canararobeco.com Tel.: (0161)2421333 Fax: (0161) 2421333 Cell: 9876111204 MANGALORE G. Muralidhar Shenoy, 1st Floor Essel Towers, Bunts Hostel Circle Mangalore 575 003. Email: crmf.mangalore@canararobeco.com Tel: (0824) 2448804 Telefax: (0824) 2445565 Cell: 94481 46416. MUMBAI Kalpesh Morekar, Construction House, 4th Floor, 5, Walchand Hirachand Marg, Ballard Estate,Mumbai 400 001. Email: crmf.mumbai@canararobeco.com Tel.: (022) 22621371/66585000-5010 Fax: (022) 66585012/13 Kalpesh: 98209 86257 Prajot : 98678 59792 NAGPUR Shrikant Deshpande, Unit no. C/6 4th Floor Indu Yash II, 186, Cement Road Dharam Peth Extention, Nagpur 400010. Email: crmf.nagpur@canararobeco.com Tel.: (0712) 6615364 Cell: 98202 32025 PATNA Mani Prakash, 401/402, Aashiana, Hariniwas, 4thFloor, Dak Bunglow Road, Patna 800001. Email: crmf.patna@canararobeco.com Tel.: (0612) 2227950 Cell: 98350 58708. PUNE Kuldeep Thorgule, Deccan Mall, Office 1 & 2, 1st Floor, Deccan Gymkhana, Pune 411 004. Email: crmf.pune@canararobeco.com Tel.: (020) 65240556 Fax: (020) 25661454 Cell: 98906 74503 SURAT Uday Shanbhag, Unit Nos .HG1/2, Megharatna Complex, Near State Bank of India, Athugar Street, Nanpura, Surat 395 001. Email : crmf.surat@canararobeco.com Tel.: (0261) 6554243 Cell: 98982 79767 TRICHY S. Sundarajan, Srinivasa Complex, No. 145/74 C, Salai Road, Trichy 620 018. Email: crmf.trichy@canararobeco.com Tel.: (0431) 2750130 Cell: 9840867895 VADODARA Aparajit Sarkar, 116, Siddharth Complex, R.C. Dutt Road, Alkapuri, Vadodara 390 007. Email: crmf.baroda@canararobeco.com Tel: (0265) 2326483 Telefax: (0265) 2356843 Cell: 98256 06483. VISAKHAPATNAM Abhishek Agarwal, Vidisha Towers, 47-14-10 Flat No. 3, 3rd Floor, Dwarkanagar Main Road, Vishakhapatnam 530 016.Email: crmf.vizag@canararobeco.com Tel.: (0891) 6556645 Fax: (0891) 6631646 Cell: 9885986791
Statutory Details : Canara Robeco Mutual Fund (CRMF) has been set up as a Trust under Indian Trust Act, 1882. Sponsors : Canara Bank, Head Office, 112 J C Road, Bangalore; Robeco Groep N.V., Coolsingel 120, 3011 Rotterdam, Netherlands. Risk Factors : Mutual Funds and securities investments are subject to market risks and there can be no assurance or guarantee that the objectives of the Schemes will be achieved. Canara Robeco Interval Scheme is only the name of the Scheme and does indicate the future prospects or the returns. As with any investment in securities, the NAV of the units issued under the Schemes may go up or down depending on the factors and forces affecting the securities market. Past performance of the Sponsors/AMC/Mutual Fund do not guarantee future performance of the Schemes. The Sponsors of the Fund are not responsible or liable for any loss or shortfall resulting from the operations of the Schemes of CRMF, beyond the initial contribution of a sum of Rs. 10 lacs towards setting up of CRMF. Investors should read the Offer Document for Scheme specific risk factors and other details before investing.
Offer Document Interval Printed on 14.01.2008

Canara Robeco AMC Team

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Issue of Canara Robeco Interval Scheme Units of Face Value of Rs.

Canara Robeco Interval Scheme

Canara Robeco Mutual Fund

Canara Robeco Interval Scheme

Canara Robeco Interval Scheme

Canara Robeco Interval Scheme

Canara Robeco Interval Scheme

Canara Robeco Interval Scheme

Canara Robeco Interval Scheme

Constitution of the fund

Canara Robeco Interval Scheme

General Due Diligence : i. ii.

Canara Robeco Interval Scheme

5. Management of the Fund

Mr. M. V. Shenoy (Associate Director)

Mr. Franciscus L. Kusse (Associate Director)

Mr. Constant T. L. Korthout (Associate Director)

Canara Robeco Interval Scheme

9. Ms. Trupti Vyas Compliance Officer

Ms. Hemangi V. Sista Research Analyst

Canara Robeco Interval Scheme

10.0489 10.0489 --0.5107 0.3508 0.3267

10.2551 10.6629 10.26 -0.9588 ---

11.0317 11.4703 10.2724 10.261 0.62 ---

0.346591 0.64635 0.32277 0.601927

10 10 10 -0.39 --1.33 -0.78 0

9.62 9.62 9.62 7.21 2 4.26 2.94 0.02

13.95 15.94 15.94 1.86 -0.97 0.2 0.002

12.38 14.52 14.52 2.21 3 0 0.85 0.01

- 0.13 0.5 3.32 8.5

0.245122 0.228275 0.03 -2.57 6.36 30.45

9.62 9.62 9.62

13.59 15.94 15.94

12.38 14.52 14.52

12.54 14.71 14.71

10.2551 10.6629 10.26 --

11.0317 11.4703 10.2724 10.261

11.4682 11.9242 10.2666 10.2602

(3.80)* (5.91)* 53.54 2.37

55.64 49.86 18.89 2.5

19.94 29.08 14.09 2.33

31.99 38.57 17.98 1.25

0.49* 0.34 79.28 0.75

6.2 4.84 305.56 0.47

6.81 5.58 603.07 0.5

7.12 6.07 674.48 0.25

Canara Robeco Interval Scheme

7. Investment Objectives and Policies

Canara Robeco Interval Scheme

3 Months 8.10 Medium to High On Demand 6.35% to 7.75% High

6.35 to 7.75% High

Canara Robeco Interval Scheme

Canara Robeco Interval Scheme

Canara Robeco Interval Scheme

Company which has invested

Canara Robeco Interval Scheme

Sesa Goa Ltd.

Canara Robeco Fmp 13m**

SREI Canara Robeco Infrastructure Ltd. Liquid Plus**

Canara Robeco Liquid ** Canara Robeco Liquid Plus **

Canara Robeco Interval Scheme

Bharati Airtel Ltd

Canara Robeco Liquid Plus **

Associated Cement Companies Ltd

Canara Robeco Liquid Canara Robeco Liquid Plus