Type of fund
This is an open ended equity scheme.
Investment objective
This fund aims to provide capital appreciation by investing in companies which have a large market capitalization. This fund focuses on building a portfolio by investing in top 150 stocks on the basis of market capitalization.
Investment philosophy or strategy
Canara Robeco Large cap+ fund maintains a portfolio that would heavily invest in the top 150 stocks ranked on the basis of market capitalization. Large Cap Stocks are considered an ideal investment choice due to several advantages. First, they act as catalysts for change in the country’s economic growth. Second, they benefit from cost efficiency leading to competitive pricing boosting their bottom line. Third, access to raise resources in addition to diversification. Fourthly, large cap companies are preferred for long-term investments for institutional investors such as provident funds and insurance companies. Also, concentration in terms of sectors is limited to 7.5% active bet over benchmark weight. The AMC will also monitor the maximum exposures to any scrip to 5% over its benchmark weight, which may be raised to 7% by an investment committee.
Fund information
| Inception date | 20/08/2010 |
| CRISIL rank | N.A |
| Plans | Regular Direct |
| Options | Growth Dividend |
| Schemes |
Canara Robeco Large Cap+ Fund-Direct Dividend Canara Robeco Large Cap+ Fund-Direct Growth Canara Robeco Large Cap+ Fund-Regular Dividend Canara Robeco Large Cap+ Fund-Regular Growth |
| Entry load | Nil |
| Exit load | 1% if redeemed in less than or equal to 1 year from the allotment date. Nil, if redeemed after 1 year from the allotment date. |
| Minimum investment | Rs.5,000 and multiples of Re.1. Subsequent purchases: Minimum amount of Rs. 1000.00 and multiples of Re. 1. |
| SIP | Rs.1,000 and Rs.2,000 for monthly and quarterly frequency respectively and in multiples of Re.1 subsequently. |
| Product label | Moderately high. Investors must be aware that investments will be made in companies which have a large market capitalization. |
| Benchmark | S&P BSE 100 |
| SWP | Available |
| STP | Available |
| Redemption | This an open-ended scheme. Units can, therefore, be redeemed on every business day at NAV based prices, subject to provisions of exit load. The Fund will dispatch cheques within 10 business days from the acceptance date of the request for redemption. |
| Taxation | Unit holders should consult their tax advisors on the sections applicable for this open-ended mutual fund scheme. |
Fund manager(s)
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 |
Portfolio – Top 10 holdings
| Name | Sector | Asset |
| HDFC bank | Banking/Finance | 9.82 |
| Infosys | Technology | 5.10 |
| Larsen | Engineering | 5.09 |
| Reliance | Oil & Gas | 4.48 |
| Maruti Suzuki | Automotive | 4.30 |
| HPCL | Oil & Gas | 4.26 |
| ICICI bank | Banking/Finance | 3.82 |
| Axis bank | Banking/Finance | 3.69 |
| Ashok Leyland | Automotive | 3.41 |
| SBI | Banking/Finance | 3.24 |
Risk measures
| Sharpe Ratio | 0.73 |
| Alpha | 2.44 |
| Beta | 0.92 |
| Standard deviation (%) | 13.67 |
Performance
| AUM | 114.06 (August, 2015) |
| NAV |
16.45 (Growth) 15.33 (Dividend) |
| Expense ratio |
2.89% Regular Plan2.70%- First 100 Crores of Net Asset 2.45%- Next 300 Crores of Net Assets 2.20%- Next 300 Crores of Net Assets 1.95%- Balance Net Assets Direct PlanLower expense ratio by 0.75% |
Returns and benchmark comparison
| Scheme | Benchmark | |||
| Regular | Direct | Regular | Regular | |
| Last 1 year | 20.83% | 21.90% | 16.46% | 16.46% |
| 3 years | 21.07% | - | 20.09% | - |
| Since Inception | 12.59% | 17.69% | 8.81% | 15.30% |
Expert view of the fund and outlook
Canara Robeco Large Cap+ Fund is an open-ended equity fund which invests in top 150 companies on the basis of their market capitalization. It, therefore, is less risky in comparison with a mid cap or thematic equity fund. The companies this fund invests in will be more liquid. Investors can also easily access any information related to the companies this fund focuses on. This fund aims for concentrated exposures in stocks of companies with high conviction ideas and quantitative parameters. Canara Robeco Large Cap+ Fund will use the inputs of the Robeco Emerging Markets Quantitative model as an Idea Generator. Quantitative Strategy team will provide this fund with monthly rankings. The final decision will, however, rest with the portfolio manager. Investors should be aware that the portfolio will be diversified to reduce the risk of underperformance, which is a possibility owing to security-specific factors.
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.
