Type or nature of fund
Canara Robeco is an open-ended equity scheme
This fund generates income by investing in equities and equity related instruments of various companies in the infrastructure sector.
Investment philosophy or strategy
Canara Robeco Infrastructure mutual fund is a thematic fund with focus on growth-oriented companies in the Infrastructure sector of the country. The fund has concentrated holdings with focus on large market capitalization stocks. The investments may be made in primary and secondary markets. Since Canara Robeco Infrastructure mutual fund is open ended, a certain portion of the portfolio may find its way into money market instruments to meet the repurchase requirements. Investment will also be made in securities which are reasonably liquid.
Canara Robeco Infrastructure-Direct Dividend
Canara Robeco Infrastructure-Direct Growth
Canara Robeco Infrastructure-Regular Dividend
Canara Robeco Infrastructure-Regular Growth
|Exit load||1% if redeemed within one year from the date of allotment. Nil if redeemed after 1 year from the allotment date.|
|Minimum investment||Rs.5,000.Subsequent purchases: Minimum amount of Rs.1000 and multiples of Re.1 thereafter.|
Minimum instalment amount: Rs.1,000 and
Rs. 2,000 (monthly and quarterly frequency respectively) and in multiples of Re. 1.
|Product label||High risk|
|Benchmark||S&P BSE 100|
Minimum installment amount: Rs. 1,000 and
Rs. 2,000 for monthly and quarterly frequency and i in multiples of Re 1.
|Redemption||The redemption proceeds will be dispatched to the unit holders within 10 working days from the date of redemption or repurchase.|
|Taxation||Income received from units of a mutual fund registered with SEBI is tax exempt. Long-term capital gains on transfer of units is exempt from income tax, if the Securities Transaction Tax (STT) is paid. Short-term capital gains is taxable at 15%.|
Yogesh Patil. With an MBA from Symbiosis institute of management, Pune, Patil has around 13 years of total experience including Sahara Mutual Fund, Religare, Man Financial and UTI securities With Canara Robeco since September 2009.
Portfolio – Top 10 holdings
|Name||Industry||% to net assets|
|Ultratech Cement Ltd||Cement||9.01|
|Power Grid Corporation Of India||Power||8.10|
|Sadbhav Engineering Ltd||Construction Project||5.79|
|Container Corporation Of India Ltd||Transportation||5.44|
|Blue Dart Express Ltd||Transportation||5.13|
|HDFC Bank Ltd||Banks||4.96|
|Ashoka Buildcon Ltd||Construction Project||4.79|
|Texmaco Rail & Engineering Ltd||Industrial Capital Goods||4.35|
|Yes Bank Ltd||Banks||3.92|
|VA Tech Wabag Ltd||Engineering Services||3.88|
|AUM||Rs.116.23 Crores (April-June 2015)|
|NAV||35.58 (Regular); 23.56 (Growth)|
2.70% - On First 100 Crores of Net Assets
2.45% - On Next 300 Crores of Net Assets
2.20% - On Next 300 Crores of Net Assets
1.95% - On Balance Net Assets
Lower expense ratio by 0.56% with effect from 17th July, 2015
|Last 1 year||31.70%||16.46%|
|Last 3 years||24.51%||20.09%|
|Last 5 years||11.96%||10.28%|
Expert view of the fund
One of the key factors which determine robust economic growth of the country is the infrastructure sector. Government is looking at increasing expenditure in the said sector, which would result in higher turnover, earnings for companies in addition to greater market capitalization. Investors with a high-risk appetite can buy this mutual fund which invests in shares of companies, which stand to benefit from infrastructure spending by the government. This fund, therefore, aims to capture the huge growth potential in the capital formation in the economy with a large-cap oriented portfolio.
How to apply
The official website of Canara Robeco Mutual Fund is the official point of acceptance for applications and redemptions among other facilities. Transactions on the website will, however, be subject to investors’ eligibility in addition to 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.
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.
GST rate of 18% applicable for all financial services effective July 1, 2017.