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 |
| Schemes |
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 |
Performance
| AUM | Rs.823.12 crores (August, 2015) |
| NAV |
89.97 (Growth) 33.28 (Dividend) |
| Expenses |
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% |
Returns
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| 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.
