India 2nd Oldest Asset Manager Canara Robeco Asset Management with $11 Billion AUM Files for India IPO, Canbank Mutual Fund Founded in 1993 & Established Joint Venture Partnership in 2017 Between India State-Owned Canara Bank & Netherlands $216 Billion Asset Manager Robeco to Create Canara Robeco Mutual Fund, Japan Financial Services Group Orix Corp Acquired Robeco from Rabobank in 2013
26th April 2025 | Hong Kong
India 2nd oldest asset manager Canara Robeco Asset Management ($11 billion AUM) has filed for India IPO. Canbank Mutual Fund was founded in 1993, and established joint venture partnership in 2017 between India state-owned Canara Bank & Netherlands asset manager Robeco ($216 billion AUM) to create Canara Robeco Mutual Fund. In 2013, Japan financial services group Orix Corp acquired Robeco from Rabobank. Canara Robeco Mutual Fund – We at Canara Robeco, are India’s second oldest asset manager, in existence since 1993, when we were known as Canbank Mutual Fund. In 2007, Canara Bank partnered with Robeco group by way of a joint venture and the mutual fund was renamed as Canara Robeco Mutual Fund. This brings together, Canara Bank’s extensive experience in the Indian market along with Robeco group’s global asset management experience. Canara Bank is one of India’s largest banks, majority shareholding of which is owned by the Government of India. The bank has over a century of banking experience in India, 81 million plus customers and over 6100 branches. Robeco group was founded in 1929 in Rotterdam, is a pure play asset manager. Robeco group has an active investment style and is known as a global leader in sustainable investing. With a presence in 16 countries and over 1300 employees, Robeco group has investment centers in key cities. Canara Robeco Mutual Fund is the second oldest Mutual Fund in India, established in December 1987 as Canbank Mutual Fund. Subsequently, in 2007, Canara Bank partnered with Robeco (now a part of ORIX Corporation, Japan) and the mutual fund was renamed as Canara Robeco Mutual Fund. Since then, it has consistently been one of the fastest growing mutual funds in India in terms of AuM. Our solutions offer a range of investment options, including diversified and thematic equity schemes, hybrid and monthly income funds and a wide range of debt and treasury products.
“ India 2nd Oldest Asset Manager Canara Robeco Asset Management with $11 Billion AUM Files for India IPO, Canbank Mutual Fund Founded in 1993 & Established Joint Venture Partnership in 2017 Between India State-Owned Canara Bank & Netherlands $216 Billion Asset Manager Robeco to Create Canara Robeco Mutual Fund, Japan Financial Services Group Orix Corp Acquired Robeco from Rabobank in 2013 “
India 2nd Oldest Asset Manager Canara Robeco Asset Management with $11 Billion AUM Files for India IPO, Canbank Mutual Fund Founded in 1993 & Established Joint Venture Partnership in 2017 Between India State-Owned Canara Bank & Netherlands $216 Billion Asset Manager Robeco to Create Canara Robeco Mutual Fund, Japan Financial Services Group Orix Corp Acquired Robeco from Rabobank in 2013
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