The Canara Robeco Mutual Fund is managed by Canara Robeco Asset Management Company Limited (CRAMC). The trustee for the fund is Canara Robeco Mutual Fund. It is a joint venture between Canara Bank and Robeco. Robeco is one of the leading asset management companies in the world which is based out of the Netherlands.
The Canara Robeco Corporate Bond Fund is an open-ended debt scheme which predominantly invests in corporate bonds that are rated AA+ and above.
Investment Objectives of the Canara Robeco Corporate Bond Fund - Regular Plan - Dividend Option
The objective of investment of the Canara Robeco Corporate Bond Fund - Regular Plan - Dividend Option is to facilitate the generation of income and/or growth of capital through investments made in a portfolio of corporate bonds with a rating of AA+ or more. However, there is no assurance for the realisation of the investment objectives.
Key Features of the Canara Robeco Corporate Bond Fund - Regular Plan - Dividend Option
The main features of the Canara Robeco Corporate Bond Fund - Regular Plan - Dividend Option are as follows:
|
Type of fund |
An open-ended debt scheme which predominantly invests in corporate bonds that are rated AA+ and above. |
|
Plans available |
|
|
Options under each plan |
|
|
Risk |
Moderate |
|
Systematic Investment Plan (SIP) |
Available |
|
Systematic Transfer Plan (STP) |
Available |
|
Systematic Withdrawal Plan (SWP) |
Available |
Investment Amount for the Canara Robeco Corporate Bond Fund - Regular Plan - Dividend Option
|
Minimum application amount |
Rs.5,000 and in multiples of Re.1 thereafter |
|
Minimum additional investment |
Rs.1,000 and in multiples of Re.1 thereafter |
|
Minimum instalment for Systematic Investment Plan (SIP) |
|
|
Minimum instalment for Systematic Withdrawal Plan (SWP) |
|
|
Minimum instalment for Systematic Transfer Plan (STP) |
|
|
Entry Load |
N/A |
|
Exit Load |
|
Asset Allocation for the Canara Robeco Corporate Bond Fund - Regular Plan - Dividend Option
|
Type of security |
Indicative Allocations (percentage of total assets) |
Risk Profile |
|
|
Minimum |
Maximum |
High/Medium/Low |
|
|
Corporate bonds (rated AA+ or above) of varied maturity periods |
80% |
100% |
Low to Medium |
|
Debt and money market instruments (these include government securities) |
0% |
20% |
Low to Medium |
|
Units issued by REITs and/or InvITs |
0% |
10% |
Medium to High |
NAV Disclosure and Benchmark of the Canara Robeco Corporate Bond Fund - Regular Plan - Dividend Option
The value of each unit under the Canara Robeco Corporate Bond Fund - Regular Plan - Dividend scheme is computed and this value is known as the Net Asset Value or NAV of the scheme. The NAV is required to be calculated and published by the end of every working day. It is published in the official website of the fund house as well as the AMFI website. The calculation is done on the basis of the recommendation of the SEBI (Mutual Funds) Regulations, 1996. The value of the net assets under the scheme is divided by the total number of units under the scheme that are outstanding on the date of calculation to get the NAV. The NAV is rounded off to 4 decimal places.
The benchmark of the Canara Robeco Corporate Bond Fund is CRISIL Composite Bond Fund Index.
Canara Robeco Corporate Bond Fund - Regular Plan - Dividend Option Fund Manager
The Canara Robeco Corporate Bond Fund - Regular Plan - Dividend scheme is managed by Mr. Avnish Jain. He has a PGDM degree from IIM, Kolkata along with a B.Tech degree from IIT, Kharagpur. He has been managing the fund since 7 February 2014.
Why should you invest in Canara Robeco Corporate Bond Fund - Regular Plan - Dividend Option?
The Canara Robeco Corporate Bond Fund is suitable for investors who are willing to take a moderate risk and invest in rated corporate bonds to generate the growth of capital and/or income. If the investment objectives of the Canara Robeco Corporate Bond Fund - Regular Plan - Dividend Option are suitable for an investor, it is one of the best products in which the investor can consider investing. The Canara Robeco Mutual Fund has been a strong player in the Indian market for a long time. In fact, it is one of the oldest mutual funds in India. It is very reliable and thus, it has a huge base of customers across the nation.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
GST rate of 18% applicable for all financial services effective July 1, 2017.
