Type or nature of fund
This is a close-ended equity scheme.
Investment objective
This fund aims to provide capital appreciation by investing primarily in equity and equity related instruments in mid cap companies.
Fund information
| Inception date | 05/12/2014 |
| CRISIL rank | N.A |
| Plans |
Regular Direct |
| Options |
Growth Dividend |
| Schemes |
Canara Robeco India Opportunities-Direct Dividend Canara Robeco India Opportunities-Direct Growth Canara Robeco India Opportunities-Regular Dividend Canara Robeco India Opportunities-Regular Growth |
| Entry load | Nil |
| Exit load | Nil |
| Minimum investment | This is a close-ended scheme. Investors cannot buy units of the scheme through AMC but can sell units through the stock exchange. |
| SIP | No |
| Product label – Risk and target investors | Moderately high. |
| Benchmark | CNX Midcap |
| SWP | No |
| STP | No |
| Redemption | N.A |
| Taxation | Customers should consult their tax advisors on the tax implications of this close-ended mutual fund. |
Fund manager
Ravi Gopalakrishnan is the fund manager. The educational qualifications and other details are listed in the table below:
| Name | Age | Qualifications | Experience |
| Ravi Gopalakrishnan | 47 | MBA (Finance) and Ms (finance) | 21 years |
Investment philosophy or strategy
This fund mostly invests in equity instruments followed by money market instruments in mid cap companies. This fund, therefore, has a moderate risk profile. Mid-cap funds require a longer time horizon. The sectors where the fund has are engineering, banking/finance, chemicals, cement and technology.
Portfolio – Sector / Top 10 holdings
| Issuer | Sector | Percentage |
| Ricoh India | Technology | 4.16 |
| Everready Ind | Cons NonDurable | 2.86 |
| WABCO India | Automotive | 2.79 |
| ZF Steering Gea | Automotive | 2.71 |
| Dish TV | Media | 2.59 |
| Techno Electric | Engineering | 2.53 |
| Timken | Engineering | 2.28 |
| CCL Products | Food & Beverage | 2.25 |
| Sanghvi Movers | Engineering | 2.20 |
| Cholamandalam | Banking/Finance | 2.11 |
Risk measures
| Sharpe | N.A |
| Alpha | N.A |
| Beta | N.A |
| Standard Deviation | N.A |
Performance
| AUM | Rs.123.09 crores (August 2015) |
| NAV |
10.44 (Growth) (September, 2015) 10.44(Dividend) (September, 2015) |
| Expenses |
3.07% Regular Plan2.70% from December, 2014. Direct PlanLower expense ratio by 0.60% from August, 2015. |
Returns and benchmark comparison
| 3 months | 6 months | 1 year | 3 years | 5 years | |
| Fund Return* | -0.57% | -6.37% | N.A | N.A | N.A |
| Benchmark return | N.A | N.A | N.A | N.A | N.A |
*Returns less than 1 year are absolute while above 1 year are annualised
Expert view of the fund + outlook
Given that stocks beyond the top 100 fall under the mid/small-cap category, in terms of market capitalization, these are not tracked as extensively as large cap. Unitholders can, therefore, benefit from information gap. Secondly, stocks of various mid-cap companies may get higher valuations, as a result of increasing profit margins. Thirdly, customers can also gain exposure to niche sectors in the mid-cap space. Customers should analyze several the important parameters of this fund before investing in Canara Robeco India Opportunities Fund.
How to apply
The official website of Canara Robeco Mutual Fund is the official point of acceptance for subscriptions and redemptions among other facilities. Transactions on the website will, however, be subject to investors’ eligibility besides the 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 and submit them to the relevant authority.
