The Canara Robeco Conservative Hybrid Fund is offered by Canara Robeco Mutual Fund. This is a JV between Canara Bank of India and Robeco of Netherlands. It combines Canara Bank’s expertise in India’s banking sector with Robeco’s global asset management advantage. It is also one of the oldest and fastest growing mutual fund companies in India.
The Canara Robeco Conservative Fund was earlier named as the Canara Robeco Income Saver Fund. This was previously a combination of the Canara Robeco Monthly Income Plan and the Canara Robeco InDiGo Fund.
This fund is ideal for medium-to-long term capital appreciation.
Investment Objective of Canara Robeco Conservative Hybrid Fund - Regular - Growth
To generate income through investments in a wide array of money market instruments and debt securities of different maturities and a small portion in equity and related instruments.
Key Features of Canara Robeco Conservative Hybrid Fund
Here are the important features of the Canara Robeco Conservative Hybrid Fund
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Type of fund |
This is a hybrid scheme that invests in debt instruments predominantly and is open-ended. |
|
Plans available |
Regular Plan and Direct Plan |
|
Options under each plan |
Under both Regular and Direct plans, Growth option and Dividend option are available. Under the Dividend option, the following are available:
Default options are Growth, Dividend Reinvestment, and Monthly Dividend. |
|
Risk |
Moderately High |
|
Systematic Investment Plan |
Available |
|
Systematic Transfer Plan |
Available |
|
Systematic Withdrawal Plan |
Available |
Investment Amount for Canara Robeco Conservative Hybrid Fund - Regular - Growth
|
Minimum application amount |
Rs.5,000 and subsequently Re.1 multiples |
|
Minimum additional investment |
Rs.1,000 and subsequently Re.1 multiples |
|
Minimum installment for Systematic Investment Plan (SIP) |
Monthly: Rs.1,000 and subsequently Re.1 multiples Quarterly: Rs.2,000 and subsequently Re.1 multiples |
|
Minimum installment for Systematic Withdrawal Plan (SWP) |
Monthly: Rs.1,000 and subsequently Re.1 multiples Quarterly: Rs.2,000 and subsequently Re.1 multiples |
|
Entry Load |
Nil |
|
Exit Load |
If redeemed one year before allotment date, 1% If redeemed one year after allotment date, nil |
Asset Allocation for Canara Robeco Conservative Hybrid Fund - Regular - Growth
|
Instruments |
Indicative Allocations (Percentage of total assets) |
Risk Profile |
|
|
Minimum |
Maximum |
||
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Equity and related |
10 |
25 |
High |
|
Money market and debt securities (also securitised debt) |
75 |
90 |
Medium |
NAV Disclosure and Benchmark for Canara Robeco Conservative Hybrid Fund - Regular - Growth
NAV Calculation: The NAV is calculated by adding up the fair or market value of the scheme’s investments with its current assets, subtracting the current provisions and liabilities, and dividing it by the number of outstanding units.
NAV Disclosure: It will be disclosed at the end of every business day to the Association of Mutual Funds of India (AMFI), Press, and news agencies. It will also be published at the website of the AMFI and the AMC.
Fund liquidity: Units can be bought or redeemed on any business day at prices based on NAV, after the exit load, entry load, or CDSC, if any, are taken into account.
Benchmark Index: CRISIL Hybrid 85+15-Conservative Index
Canara Robeco Conservative Hybrid Fund - Regular - Growth Fund Manager
The fund is managed by Mr. Avnish Jain and Mr. Miyush Gandhi. Mr. Avnish Jain has 24 years of experience in fund management while Mr. Miyush Gandhi has 10 years of experience in the field. Mr. Avnish Jain has been managing the scheme since 2013 and Mr. Miyush Gandhi has been managing it since June 2018.
Why you should Invest in Canara Robeco Conservative Hybrid Fund - Regular - Growth
The regular plan growth option provides generous capital appreciation over the medium to long term. There is also the option for SIP, which makes it easier to invest in the scheme.
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