Canara Robeco Gold Savings Fund is one of the many products offered by Canara Robeco Mutual Fund. It is managed by Canara Robeco Asset Management Company Limited (CRAMC). The trustee company is also known as Canara Robeco Mutual Fund.
The Canara Robeco Gold Savings Fund - Regular Plan - Growth Option is an open-ended fund of fund scheme that invests in Canara Robeco Gold Exchange-Traded Fund (ETF).
Investment Objectives of the Canara Robeco Gold Savings Fund - Regular Plan - Growth Option
The main investment objective of the Canara Robeco Gold Savings Fund - Regular Plan - Growth Option is to facilitate the provision of returns that correspond the returns provided by the Canara Robeco Gold Exchange Traded Fund closely.
Key Features of the Canara Robeco Gold Savings Fund - Regular Plan - Growth Option
The main features of the Canara Robeco Gold Savings Fund - Regular Plan - Growth Option are as follows:
| Type of fund | An open-ended fund of fund scheme that invests in Canara Robeco Gold ETF. |
| Plans available |
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| Options under each plan |
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| Risk | Moderately High |
| Systematic Investment Plan (SIP) | Available |
| Systematic Transfer Plan (STP) | Available |
| Systematic Withdrawal Plan (SWP) | Available |
Investment Amount for the Canara Robeco Gold Savings Fund - Regular Plan - Growth Option
| Minimum application amount | Rs.5,000 and in multiples of Re.1 subsequently |
| Minimum additional investment | Rs.1,000 and in multiples of Re.1 subsequently |
| Minimum instalment for Systematic Investment Plan (SIP) |
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| Minimum instalment for Systematic Withdrawal Plan (SWP) |
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| Minimum instalment for Systematic Transfer Plan (STP) |
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| Entry Load | N/A |
| Exit Load |
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Asset Allocation for the Canara Robeco Gold Savings Fund - Regular Plan - Growth Option
| Type of security | Indicative Allocations (percentage of total assets) | Risk Profile | |
| Minimum | Maximum | High/Medium/Low | |
| Units of Canara Robeco Gold ETF | 95% | 100% | Medium to High |
| Instruments related to debt and money market | 0% | 5% | Medium to High |
NAv Disclosure and Benchmark of the Canara Robeco Gold Savings Fund - Regular Plan - Growth Option
The Net Asset Value or NAV of each unit under the Canara Robeco Gold Savings Fund - Regular Plan - Growth scheme is calculated using the following formula:
Net Asset Value or NAV = (Fair value or Market Value of the investments of the scheme + Current Assets - Current Liabilities and Provisions) / Number of outstanding units under the scheme on the date of computation.
The calculation is made as per the recommendation of the SEBI (Mutual Funds) Regulations, 1996. The NAV is rounded off up to 4 decimal places.
Canara Robeco Gold Savings Fund - Regular Plan - Growth Option Fund Manager
The Canara Robeco Gold Savings Fund - Regular Plan - Growth Option is managed by the following managers:
- Mr. Avinash Jain
- Ms. Suman Prasad
Mr. Avinash Jain has a PGDM degree from IIM, Kolkata along with a B.Tech degree from IIT Kharagpur. He has been managing the fund since 24 June 2014. Ms. Suman Prasad has a PGDMS degree in Finance and she has been managing the fund since 14 May 2018.
Why should you invest in Canara Robeco Gold Savings Fund - Regular Plan - Growth Option?
Canara Robeco Mutual Fund is one of the most trusted mutual fund houses in India. It has a large customer base and is highly reliable. The investment objectives of the Canara Robeco Gold Savings Fund - Regular Plan - Growth scheme engages the provision of returns through investments in Canara Robeco Gold ETF. If the investment objectives of the scheme match the investment requirements of an investor, the Canara Robeco Gold Savings Fund - Regular Plan - Growth scheme is one of the best options to invest in.
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