Canara Robeco Mutual Fund, initially known as Canbank Mutual Fund, came into existence as a joint venture between Canara Bank and Robeco Group, on 19th March 2007. Canara Robeco Mutual Fund was initially managed by Canbank Investment Management Services Ltd, its Asset Management Company (AMC), through an investment management agreement dated 16th June 1993 (as amended from time to time). The AMC was established in the year 1993, as a wholly owned subsidiary of Canara Bank. After the joint venture, Robeco Group took over the 49% stake in the AMC, through its subsidiary, Robeco India Holding B.V. With this, the mutual fund was renamed as Canara Robeco Mutual Fund and the AMC became Canara Robeco Asset Management Company Limited. At present, the AMC also serves as the sub-Investment Manager to IS-Himalayan Fund / Canbank (Offshore) Mutual Fund.