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Canara Rob Gold Saving Fund(D)-Direct Plan

Canara Rob Gold Savings Fund(D)-Direct Plan
Dividend Yearly
NA
Category
Equity - FOF
52-week NAV high
10.13  (As on 20-02-2019)
52-week NAV low
8.39  (As on 28-09-2018)
Expense
0.41%  (As on 31-03-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 1.47 -2.08 -0.60 0.20 2.96 1.76 2.97 0.08 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
NA
Launch Date
Jan 01, 2013
Last Dividend
NA
Minimum Investment
5000

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

  1. Growth Option
  2. Dividend Option

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

  • 2% exit load will be charged if units are redeemed or switched out before 1 year from unit allotment date.
  • No exit load will be charged if units are redeemed or switched out after 1 year from unit allotment date

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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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.

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