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Canara Robeco Infrastructure

Type or nature of fund

Canara Robeco is an open-ended equity scheme

Investment objective

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.

Fund information

Inception date 02/12/2005
CRISIL rank 1
Plans Regular Direct
Options

Growth

Dividend

Schemes

Canara Robeco Infrastructure-Direct Dividend

Canara Robeco Infrastructure-Direct Growth

Canara Robeco Infrastructure-Regular Dividend

Canara Robeco Infrastructure-Regular Growth

Entry load Nil
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.
SIP

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
SWP

Minimum installment amount: Rs. 1,000 and

Rs. 2,000 for monthly and quarterly frequency and i in multiples of Re 1.

STP Available
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%.
 

Fund manager(s)

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
 

Risk measures

Sharpe ratio 1.08
Alpha 15.53
Portfolio beta 1.07
Std deviation 21.38
 

Performance

AUM Rs.116.23 Crores (April-June 2015)
NAV 35.58 (Regular); 23.56 (Growth)
Expense ratio

Regular Plan

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

Direct Plan

Lower expense ratio by 0.56% with effect from 17th July, 2015

 

Returns

   Scheme Benchmark
Inception Date 2.12.05 2.12.05
Last 1 year 31.70% 16.46%
Last 3 years 24.51% 20.09%
Last 5 years 11.96% 10.28%
Since inception 15.08% 12.69%
 

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.

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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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