Canara Robeco Asset Management Company Ltd. -

Canbank Investment Management Services Ltd. (the AMC) was established as a wholly owned subsidiary of Canara Bank in 1993. The AMC is managing the assets of Canbank Mutual Fund (the Fund) by virtue of an investment management agreement dated 16th June 1993 (as amended from time to time).

Canara Bank entered into a joint venture agreement on 19th March, 2007, with Robeco Groep N.V. 120 Coolsingel, 3011 AG Rotterdam, The Netherlands for asset management business in India. Robeco is a 75-year old asset manager, with over Rs. 8,09,000 crores ( EUR 146 billion) under management as of Dec 31, 2007.

According to this agreement, Robeco Groep N.V. through its subsidiary, Robeco India Holding B.V. has acquired 49% stake in the AMC.

As a consequence, the Fund is renamed as Canara Robeco Mutual Fund (the Fund) and the AMC as Canara Robeco Asset Management Company Limited (the AMC).

The AMC is also the sub-Investment Manager to IS-Himalayan Fund / Canbank (Offshore) Mutual Fund.

The Fund launched thirty schemes since its inception, besides taking over four schemes from GIC Mutual Fund. Of these, sixteen schemes have been redeemed / terminated / merged so far. The AMC now manages eighteen schemes of which fifteen are open-ended and three are close-ended.

As on 30.06.2008, the assets under management stood at Rs. 3,895.52 Crore.