Type or nature of fund
This is a close-ended equity fund.
This fund aims to provide capital appreciation over the long term by investing in in debt and money market securities in addition to Gold ETFs.
Canara Robeco India Opportunities-Direct Dividend
Canara Robeco India Opportunities-Direct Growth
Canara Robeco India Opportunities-Regular Dividend
Canara Robeco India Opportunities-Regular Growth
|Minimum investment||Rs.5000. This is a close-ended scheme. Investors cannot purchase units through AMC but can sell units viai the stock exchange|
|Product label||Moderately high|
|Taxation||Customers should consult their tax advisors on the tax implications of this close-ended mutual fund.|
This fund is managed by Ravi Gopalakrishnan and Krishna Sanghavi. The fund managers are responsible for developing a well-diversified portfolio by considering the asset allocation patterns and risks. The educational qualifications and details are listed in the table below:
|Ravi Gopalakrishnan||47||MBA in finance and MS finance||21 Years|
|Krishna Sanghavi||40||B. Com, I.C.W.A, M.M.S. (Finance)||18 years|
Investment philosophy or strategy
This fund aims to generate income by investing in equity and equity related instruments of midcap companies.
Portfolio – Sector / Top 10 holdings
|State B Bikaner||Banking/Finance||2.32|
|AUM||Rs.48.36 (September, 2015)|
2.40% (September, 2015)Regular Plan
2.50% from March 2015 onwardsDirect Plan
Lower expense ratio by 0.25% from March 2015 onwards
The expense ratio may differ from the actual expense ratio since it depends on variation in AUM on a daily basis.
Returns and benchmark comparison
|3 months||6 months||1 year||3 years||5 years|
*Returns less than 1 year are absolute while above 1 year are annualised
Expert view of the fund + outlook
Canara Robeco India Opportunities- Series 2 invests in mid-cap companies, which are less prone to risk compared to small cap companies. Given that mid-cap funds do not move in tandem with the market every time, they are vulnerable to massive swings. Investors should be aware that Canara Robeco India Opportunities- Series 2 has a moderately high risk cover.
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.