The Canara Robeco Gold Savings Fund - Direct Plan - Dividend Option is an open-ended fund of fund scheme offered by Canara Robeco Mutual Fund, a joint venture between Canara Bank and Netherland-based investment firm, Robeco. The fund offers returns that closely match the returns offered by the Canara Robeco Gold Exchange Traded Fund.
The direct plan of the fund allows investors to invest directly with the asset management company (AMC) while the dividend option of the scheme will offer them a regular income.
Investment Objective
To offer capital gains to the investor through investment in the units of the Canara Robeco Gold Exchange Traded Fund.
Key Features of the Scheme
The Canara Robeco Gold Savings Fund is ideal for investors who wish to receive returns similar to the ones offered by the Canara Robeco Gold Exchange Traded Fund. The scheme has the below-mentioned features:
|
Type of Fund |
An open-ended fund of fund scheme |
|
Plans Available |
Regular Plan and Direct Plan |
|
Options under each Plan |
The dividend option has payout and reinvestment facility |
|
Risk |
Moderately High |
|
Systematic Investment Plan |
Available |
|
Systematic Transfer Plan |
Available |
|
Systematic Withdrawal Plan |
Available |
Investment Amount for Canara Robeco Gold Savings Fund
|
Minimum Application Amount |
Rs.5,000 per application and in multiples of Re.1 thereafter |
|
Minimum Additional Investment |
Rs.1,000 and in multiples of Re.1 thereafter |
|
Minimum Installment for Systematic Investment Plan (SIP) |
Rs.500 for monthly and Rs.1,000 for quarterly frequency and in multiples of Re.1 thereafter |
|
Minimum Installment for Systematic Withdrawal Plan (SWP) |
Rs.500 for monthly and Rs.1,000 for quarterly frequency and in multiples of Re.1 thereafter |
|
Entry Load |
Nil |
|
Exit Load |
|
Asset Allocation for Canara Robeco Gold Savings Fund
|
Instruments |
Indicative Allocation Percentage of total assets |
Risk Profile |
|
|
Minimum |
Maximum |
||
|
Units of Canara Robeco Gold ETF |
95% |
100% |
Medium to High |
|
Debt and money market securities including cash equivalent and mutual fund schemes that invest majorly in liquid schemes or money market instruments |
0% |
5% |
Low to Medium |
NAV Disclosure and Benchmark for Canara Robeco Gold Savings Fund
The Net Asset Value (NAV) of the Canara Robeco Gold Savings Fund is obtained by dividing its net assets by the number of outstanding units on the date of valuation. The computation of the NAV will be done up to 4 decimal places and disclosed on every business day by 9:00 p.m.
The fund house will update the NAV of the scheme on its website (www.canararobeco.com) and on the website of Association of Mutual Funds in India (www.amfiindia.com). 2 leading newspapers with nationwide circulation will also publish the scheme’s NAV on a daily basis.
Benchmark: Domestic price of physical gold
Fund Manager - Mr. Avnish Jain and Ms. Suman Prasad
The Canara Robeco Gold Savings Fund is managed by Mr. Avnish Jain and Ms. Suman Prasad. Mr. Avnish Jain has been managing the scheme since 24 June 2014 and Ms. Suman Prasad since 14 May 2018.
Why you should invest in the Canara Robeco Gold Savings Fund
- Greater diversification - Investing in a Fund of Fund (FoF) such as the Canara Robeco Gold Savings Fund offers greater diversification as it spreads out the risk among the many stocks contained in a particular mutual fund.
- Multi-manager investment - Sometimes relying on a single fund manager to manage your investments may be a bit risky. Investing in a FoF reduces the risk of investing with a single fund manager and hence, is sometimes referred to as ‘multi-manager investment’.
Lower levels of volatility - Due to the increased diversification, the Canara Robeco Gold Savings Fund is less exposed to market volatility and therefore, lowers the risk of the investments.
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