Canara Robeco Mutual Fund

Canara Robeco Mutual Fund (earlier known as Canara Mutual Fund), formed in 1987 is the country's second oldest asset manager. In the year 2007, Canara Bank and Robeco Group entered into a joint venture and Canara Mutual Fund was renamed as Canara Robeco Mutual Fund. This partnership helped the fund house to capitalise on the bankss in-depth experience of the Indian market and Robeco group's global experience and exposure in asset management.

Canara Robeco Mutual Fund offers a wide range of investment solutions consisting of equity, debt and hybrid schemes. Currently, it has 18 schemes in its products list. It also has 5 ongoing close-ended schemes.

With a total AUM of ₹17,448.75 crores as on 31st May 2020, Canara Robeco Mutual Fund manages investment mandates of more than 12.40 lakh customers spread throughout the country. It is a promising name in the Indian investment ecosystem.

Canara Robeco Mutual Fund schemes have fared well across market cycles and fluctuations. Many of them have outperformed their respective benchmarks over multiple time frames. The performance of the mutual funds is analysed on a host of factors such as growth in fund size (AUM), market ratings, expense ratio, NAV, etc. Here is the list of top-performing funds of Canara Robeco Mutual Funds.

Canara Robeco Equity Mutual Funds are ideal for investors with a long investment horizon and goal of wealth creation. These funds invest predominantly in equity and equity-related instruments which have the potential to generate superior (outperform its benchmark) returns. Canara Robeco has 7 equity schemes (including ELSS) with a risk quotient ranging between moderately high and high. These schemes can be categorised on the basis of market capitalization (small, large, multi, large and midcap), sectoral or thematic investments (consumption and finance, infrastructure, etc) and tax savings.

The AUM of the equity-oriented schemes (excluding tax-saver fund) was ₹8,23,8.33 crores as on 3otht June 2020. Here is a list of the top five equity funds from Canara Robeco.

Canara Robeco Debt Mutual funds invest money in a mix of debt or fixed interest earning instruments. They seek to offer stable and steady income, liquidity and capital appreciation in the long run along with capital safety. Currently, Canara Robeco offers nine debt schemes. These schemes can be subcategorized into overnight funds, corporate bond funds, duration based funds (low, short, ultra-short, medium to long term), liquid funds, Gilt fund and dynamic fund. Their risk quotient varies from low to moderate. The AUM of these funds as on 31st March 2020 stood at ₹1,07,856 crores (Liquid Funds), ₹9253.97 crores (Gilt Funds) and ₹437,309.76 crores (remaining debt-oriented funds).

Here is a list of the top five debt funds from Canara Robeco.

Canara Robeco Hybrid Mutual Funds offer the benefits of diversification to investors. They invest across multiple asset categories. The debt portion of the portfolio seeks to generate a stream of regular income, while the equity allocation aims to generate superior returns for the portfolio. Canara Robeco has two hybrid funds in its product suite - Conservative Hybrid Fund and Aggressive Hybrid Fund. Currently Conservative fund invested 23.56% of the corpus in equities while the Aggressive Hybrid fund allocated 68.17% of its corpus in equities.

The minimum investment for these funds is ₹5000 (lump sum) or ₹1000 (monthly SIP).

Both the funds have a long track record of good performance. They have successfully manoeuvred numerous market cycles in their 31 years (Conservative Hybrid) and 26 years (Aggressive Hybrid) of their existence. With their sizable AUM (208.88 Crores and 2749.56 crores) and steady CAGR (11.17% and 10.84%), they are a good choice for investors with a medium to long term investment horizon.

Canara Robeco Equity Tax Saver Fund is an ELSS which invests in a mix of large-cap,mid-cap and small cap stocks. It seeks to offer the twin benefits of capital appreciation and reduction in tax liabilities. It has a mandatory three-year lock-in period. In terms of sector allocation - finance, the consumer (durables and nondurables) and banks are the top four participants.

This tax-saving fund has performed consistently well since its launch in March 1993. It has generated a CAGR of 17.53% returns since inception. In absolute terms, an investment of ₹10,000 during the inception of this fund would now have grown into ₹68,290 as on 23rd July 2020. The AUM of this fund was ₹887.53 crores as on 31st May 2020.

• Canara Robeco Emerging Equities Fund

  • Investment Objective:

    The investment objective of the Canara Robeco Emerging Equities Fund is to generate long-term capital appreciation by investing the money in a diversified equity portfolio of large-cap and mid-cap stocks.

  • Fund Details:

    The Fund Category of Canara Robeco Emerging Equities Fund is Large and Mid-Cap Fund. This fund has an AUM of ₹4,788 crores as on 31st May 2020. The scheme was launched on 11-Mar-2005. The NAV for the Direct Plan, Growth was ₹95.56 and the same for Regular Plan, Growth was ₹88.31 as on 1st July 2020 with a 17.87% return since inception in Regular plan option. The benchmark for this scheme is Nifty Large Midcap 250 TRI.

    The expense ratio of the Canara Robeco Emerging Equities Fund is 1.96% for regular plan and 0.77% for direct plans. There would be an exit load of 1% if you redeem before completion of one year from the date of investment. Canara Robeco Emerging Equities Fund has maximum exposure in stocks of Pharmaceuticals, Financial, and Energy Sectors. HDFC Bank Limited, ICICI Bank Limited, Reliance Industries Limited are top holding in its portfolio.

    The Top 5 portfolio holding as on 31st May 2020 is:

    Company	Sector	% Assets
    Reliance Industries	Energy	6.2
    HDFC Bank	Financial	5.79
    ICICI Bank	Financial	4.78
    Bharti Airtel	Communication	3.22
    Atul	Chemicals	2.89

    The minimum lump sum investment in Canara Robeco Emerging Equities Fund is ₹5000 and for SIP is ₹1000.

• Canara Robeco Equity Hybrid Fund

  • Investment Objective:

    The investment objective of Canara Robeco Equity Hybrid Fund is to generate capital appreciation in the long-term along with income opportunities by investing in a diversified and yet balanced portfolio with a mix of both equity and equity-related securities as well as fixed-income debt and money-market instruments.

  • Fund Details:

    The Fund Category of Canara Robeco Equity Hybrid Fund is Aggressive Hybrid Fund with an AUM of ₹2883 crores as on 31st May 2020. The scheme was launched on 01-Feb-1993. The NAV for the Direct Plan, Growth was ₹173.03 and the same for Regular Plan, Growth was ₹162.24 as on 1st July 2020 with an 11.85% return since inception in Regular plan option. The benchmark for this scheme is CRISIL Hybrid 35+65 Aggressive Index.

    The expense ratio of the Canara Robeco Equity Hybrid Fund is 2.02% for regular plans and 0.80% for direct plans. There would be no exit load if redeemed or switched out, after completion of one year from the date of investment. But if redeemed before completion of 1 year then Exit Load is NIL up to 10% of redemption, of the units, and 1% thereafter.

    Canara Robeco Equity Hybrid Fund has maximum exposure in stocks of the Pharmaceutical sector, banking sector, financial services sector and consumer non-durable sector. HDFC Bank Limited, ICICI Bank Limited, Reliance Industries Limited have are top holding in its portfolio.

    The Top 5 portfolio holding as on 31st May 2020 is:

    Company	Sector	% Assets
    HDFC Bank	Financial	5.36
    Reliance Industries	Energy	5.3
    ICICI Bank	Financial	3.91
    Infosys	Technology	3.81
    Bharti Airtel	Communication	2.95

    The minimum lump sum investment in Canara Robeco Equity Hybrid Fund is ₹5000 and for SIP is ₹1000.

• Canara Robeco Equity Diversified Fund

  • Investment Objective:

    The Investment Objective of Canara Robeco Equity Diversified Fund is to generate capital appreciation over the long term by investing in a diversified equity portfolio with large-cap, mid-cap as well as small-cap stocks.

  • Fund Details:

    The Fund Category of Canara Robeco Equity Diversified Fund is Multi Cap Fund with an AUM of ₹1924 crores as on 31st May 2020. The scheme was launched on 16-Sep-2003. The NAV for the Direct Plan, Growth was ₹138.11 and the same for Regular Plan, Growth was ₹131.15 as on 1st July 2020 with a 16.55% return since inception. The benchmark for this scheme is S&P BSE 500 TRI.

    The expense ratio of the Canara Robeco Equity Diversified Fund is 2.28% for regular plans and 0.82% for direct plans. There would be an exit load of 1% if you redeem before completion of one year from the date of investment.

    Canara Robeco Equity Diversified Fund has maximum exposure in stocks of consumer non-durable sector. HDFC Bank Limited, ICICI Bank Limited has a maximum share of holding in its portfolio.

    The Top 5 portfolio holding as on 31st May 2020 is:

    Company	Sector	% Assets
    HDFC Bank	Financial	6.84
    Reliance Industries	Energy	6.69
    ICICI Bank	Financial	5.08
    Infosys	Technology	4.82
    Bharti Airtel	Communication	4.82

    The minimum lump sum investment in Canara Robeco Equity Diversified Fund is ₹5000 and for SIP is ₹1000.

• Canara Robeco Savings Fund

  • Investment Objective:

    TThe Investment Objective of Canara Robeco Savings Fund is to generate income by investing in a portfolio consisting of low duration debt and money market instruments.

  • Fund Details:

    The Fund Category of Canara Robeco Savings Fund is Low Duration debt Fund with an AUM of ₹956 crores as on 31st May 2020. The scheme was launched on 04-Mar-05. The NAV for the Direct Plan, Growth was ₹32.62 and the same for Regular Plan, Growth was ₹32.17 as on 1st July 2020 with a 7.90% return since inception. The benchmark for this scheme is CRISIL Low Duration Debt Index.

    The expense ratio of the Canara Robeco Savings Fund is 0.55% for regular plans and 0.30% for direct plans. There is No Exit Load of 1% in this investment.

    Canara Robeco Saving Fund has maximum exposure in AAA rated bonds and debt instruments mainly of the banking sector.

    The Top 5 portfolio holding as on 31st May 2020 is:

    Company	Instruments	Credit Ratings	% Assets
    Reliance Jio Infocomm 107-D 10/06/2020	Commercial Paper	A1+	7.89
    8.25% LIC Housing Fin. 17/09/2021	Non Convertible Debenture	AAA	5.38
    Kotak Mahindra Bank 22/12/2020	Certificate of Deposit	A1+	5.16
    8.48% M&M Financial Services 20/10/2020	Debenture	AAA	3.94
    Bank of Baroda 20/07/2020	Debenture	AAA	3.2

    The minimum lump sum investment in Canara Robeco Equity Diversified Fund is ₹5000 and for SIP is ₹1000

• Canara Robeco Liquid Fund

  • Investment Objective:

    The Investment Objective of Canara Robeco Liquid Fund is to generate stable and moderate returns by investing in a mix of money market instruments and debt securities.

  • Fund Details:

    The Fund Category of Canara Robeco Liquid Fund is Liquid Fund with an AUM of ₹949 crores as on 31st May 2020. Canara Robeco Liquid Fund Regular Fund was launched on 15-Jul-08. The NAV for the Direct Plan, Growth was ₹2410.57 and the same for Regular Plan, Growth was ₹2403.58 as on 1st July 2020 with a 7.54% return since inception. The benchmark for this scheme is CRISIL Liquid Fund Index.

    The expense ratio of the Canara Robeco Liquid Fund is 0.13% for regular plans and 0.11% for direct plans. The Exit Load would be of 0.0070% if redeemed between 0-1 days, 0.0065% if redeemed between 0-2 days, 0.0060% if redeemed between 0-3 days, 0.0055% if redeemed between 0-4 days, 0.0050% if redeemed between 0-5 days, 0.0045% if redeemed between 0-6 days, from date of investment.

    Canara Robeco Liquid Fund mainly invests in Commercial Papers, Treasury Bills and Money Market Instruments

    The Top 5 portfolio holding as on 31st May 2020 is:

    Company	Instruments	Credit Ratings	% Assets
    Reserve Bank of India 77-D 16/06/2020	Treasury Bills	SOV	23.67
    Reserve Bank of India 91-D 11/06/2020	Treasury Bills	SOV	11.58
    Reserve Bank of India 182-D 11/06/2020	Treasury Bills	SOV	10.52
    ICICI Bank 17/07/2020	Certificate of Deposit	A1+	7.87
    Bank of Baroda 20/07/2020	Certificate of Deposit	A1+	7.86

    The minimum lump sum investment in Canara Robeco Liquid Fund is ₹5000 and for SIP is ₹1000

The customer care details of the Canara Robeco Mutual Fund Company are as follows:

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• Mr. Nimlesh Chandan:

  Head-Investment, Equity

  Mr. Nimlesh Chandan had joined as the Head of Equity Investments at Canara Robeco Asset Management Company. His team takes care of the equity portfolio of the total assets under the company's management. He comes with an experience of more than two decades and is there with Canara Robeco Mutual Fund with more than a decade.

  He is a Masters in Management Studies and had been with a number of other Asset Management Companies like SBI Mutual Fund before joining Canara Robeco Mutual Fund.

• Mr. Shridatta Bhandwaldar:

  Equity Head

  Mr. Shridatta Bhandwaldar is the Equity Head of Canara Robeco Mutual Fund and had joined the company in 2016. He has a total experience of 14 years in portfolio management and equity market.

  He has been with Canara Robeco Mutual Fund as fund manager-equities from July 2016 till September 2019. Before joining Canara Robeco, he worked with SBI Pension Funds as head- research/portfolio manager July 2012 to June 2016.

  He is an engineer from the government college of Aurangabad and MMS in Finance and has worked as an Equity Analyst for more than one company.

• Mr. Avnish Jain:

  Head of Fixed Income

  Mr. Avnish Jain is the Head of Fixed Income in Canara Robeco Mutual Fund with an experience of nearly two decades. He heads the Fund Management team that is responsible for a number of debt funds in Canara Robeco Mutual Fund.

  Mr. Jain is a B.tech Engineer from IIT Kharagpur and did his post-graduation from IIM Kolkata. He has been an integral part in the arena of Fund Managers and has thousands of crores of Assets to manage for the company.

  Prior to Canara Robeco Mutual Fund he had been working with ICICI Prudential Asset Management Company, Deutsche AMC, Yes bank and quite a number of other such Financial Institutions and thus bought his rich experience and expertise when he joined Canara Robeco Mutual Fund