Canara Robeco Equity Diversified

Canara Robeco Equity Diversified

Type or nature of fund

This is an open ended large and mid-cap equity fund.

Investment objective

This fund follows a bottom-up approach of investing in well-managed companies for capital appreciation over the long-term. The fund focuses on ‘best-in-class’ sustainable business models. This fund follows a combination of growth and value style of investing. Large-cap companies give stability to the portfolio while midcap companies provide higher returns in the long term.

Fund information

Inception date September 16, 2003
CRISIL rank 4
Plans Regular and Direct
Options Dividend and Growth

Canara Robeco Equity Diversified-Direct Dividend

Canara Robeco Equity Diversified-Growth

Canara Robeco Equity Diversified-Regular

Canara Robeco Equity Diversified-Regular Dividend

Entry load Nil
Exit load 1% if redeemed within 1 year from the allotment date. Nil if redeemed after 1 year from the date of allotment.
Minimum investment Rs.5000 in multiples of Re.1 thereafter
SIP Rs.1000 and in multiples of Re.1 thereafter (monthly frequency). Rs. 2000 and in multiples of Re. 1 thereafter (quarterly frequency)
Product label Moderately High Risk.
Benchmark S&P BSE 200. The S&P BSE 200 index measures the performance of the top 200 companies listed at BSE Ltd
SWP Available
STP Available
Redemption The redemption proceeds will be dispatched to the unit holders within 10 working days from the date of redemption or repurchase.
Taxation Income received from units of a mutual fund registered with SEBI is tax exempt.Long-term capital gains on transfer of units is exempt from income tax, if the Securities Transaction Tax (STT) is paid.

Fund manager

Ravi Gopalakrishnan is the fund manager. He is responsible for making buy / sell decisions and developing a well-diversified portfolio by considering the asset allocation patterns and associated risks. The educational qualifications and details are listed in the table below:

Name Age Qualifications Experience
Ravi Gopalakrishnan 47 MBA in finance and MS finance 21 Years

Investment philosophy or strategy

This fund invests in a blend of debt and money markets instruments in addition to equity and equity related asset class. The portfolio will be adequately diversified to minimise the risk of underperformance. The fund may see investments in overseas equity markets such as ADRs/GDRs. Since the fund is open-ended, a certain part of the fund may be invested in money market instruments to meet repurchase requirements. The fund will also use several derivatives and hedging products as permitted by SEBI.

Portfolio – Sector / Top 10 holdings

Issuer Sector Percentage
HDFC Bank Ltd Banks 7.81
Hindustan Petroleum Corporation Petroleum Products 4.43
ICICI Bank Ltd Banks 3.77
Reliance Industries Ltd Petroleum Products 3.34
Infosys Ltd Software 3.30
Larsen & Toubro Ltd Construction Project 3.14
State Bank of India Banks 3.10
Axis Bank Ltd Banks 2.68
Yes Bank Ltd Banks 2.26
Maruti Suzuki India Ltd Auto 2.25

Risk measures

Sharpe 0.76
Alpha 3.23
Beta 1.00
Standard Deviation 15.11


AUM Rs.823.12 crores (August, 2015)

89.97 (Growth)

33.28 (Dividend)


Regular Plan

2.70% (First 100 Crores of Net Assets)

2.45% (Next 300 Crores of Net Assets)

2.20% (Next 300 Crores of Net Assets)

1.95% (On Balance Net Assets)

Direct Plan

Lower expense ratio by 0.47%


     Regular Direct Regular Direct
Last 1 year 22.70% 23.34% 19.76% 19.76%
Last 3 years 22.40% - 20.86% -
Last 5 years 13.76% - 10.43% -
Since Inception 16-09-2003 21.32% 18.68% 17.17% 16.19%

Expert view of the fund

Canara Robeco Equity Diversified mutual fund has been rated 4 by Crisil. It’s performance has been below average in the diversified equity mutual fund category last year. Investors should be aware that their this is a moderately high risk portfolio which promises capital appreciation in the long term. Equity and equity related instruments constitute 85% of the portfolio while money market instruments may comprise 15% of the fund. The gross notional exposure in derivative instruments does not exceed 30% of the Net Assets of the fund while investment in ADRs/GDRs does not exceed 10% of the net assets of the fund.

How to apply

The official website of Canara Robeco Mutual Fund is the official point of acceptance for applications and redemptions among other facilities. Transactions on the website will, however, be subject to investors’ eligibility besides terms and conditions of Canara Robeco Asset Management Company Limited (CRAMC). Investors can also avail of the facility of online transactions via the website of Karvy Computershare Private Limited. Karvy is the registrar and transfer agent for Canara Robeco Mutual Fund. Investors can also approach the MF branch or registered bank branch. Customers would have to submit the KYC (Know Your Customers) forms. Investors can then zero in on a fund/scheme/option and fill out the necessary forms.

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