The Canara Robeco Mutual Fund is a joint venture of Canara Bank and Robeco. Robeco is an asset management company which is based out of the Netherlands. It is one of the biggest and leading asset management companies in the world. The mutual fund is managed by Canara Robeco Asset Management Company Limited (CRAMC). The trustee for the mutual fund is Canara Robeco Mutual Fund.
The Canara Robeco Liquid Fund is an open-ended liquid scheme.
Investment Objectives of the Canara Robeco Liquid Fund - Direct Plan - Growth Option
The main objective of investment of the Canara Robeco Liquid Fund - Direct Plan - Growth Option is to maintain a high level of liquidity while enhancing the income through investments made in a portfolio of money market and debt securities. The realisation of the investment objectives is, however, not assured.
Key Features of the Canara Robeco Liquid Fund - Direct Plan - Growth Option
The key features of the Canara Robeco Liquid Fund - Direct Plan - Growth Option are listed below:
| Type of fund | An open-ended liquid scheme. |
| Plans available |
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| Options under each plan |
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| Risk | Low |
| Systematic Investment Plan (SIP) | Not Available |
| Systematic Transfer Plan (STP) | Available |
| Systematic Withdrawal Plan (SWP) | Available |
Investment Amount for the Canara Robeco Liquid Fund - Direct Plan - Growth Option
| Minimum application amount | Rs.5,000 and in multiples of Re.1 subsequently |
| Minimum additional investment | Rs.1,000 and in multiples of Re.1 subsequently |
| Minimum instalment for Systematic Investment Plan (SIP) | N/A |
| Minimum instalment for Systematic Withdrawal Plan (SWP) |
|
| Minimum instalment for Systematic Transfer Plan (STP) |
|
| Entry Load | N/A |
| Exit Load | Nil |
Asset Allocation for the Canara Robeco Liquid Fund - Direct Plan - Growth Option
| Type of security | Indicative Allocations (percentage of total assets) | Risk Profile | |
| Minimum | Maximum | High/Medium/Low | |
| Instruments related to money market / call money | 65% | 100% | Low |
| Instruments related to debt (including securitised debt) | 0% | 35% | Medium |
NAV Disclosure and Benchmark of the Canara Robeco Liquid Fund - Direct Plan - Growth Option
The Net Asset Value or NAV of each unit under the Canara Robeco Liquid Fund - Direct Plan - Growth Option is calculated and published by the end of every business day. The computation is done on the basis of the recommendations of the SEBI (Mutual Funds) Regulations, 1996. The following formula is used for the computation:
Net Asset Value (NAV) = (Market value or Fair value of the investments made by the scheme + Current Assets - Current Liabilities and Provisions) / Number of outstanding units under the scheme on the date of computation.
The NAV of the fund is required to be published in at least 2 national newspapers. It is also published in the official website of the mutual fund and the official website of AMFI. The NAV is rounded off to 4 decimal places.
The benchmark index of the Canara Robeco Liquid Fund is CRISIL Liquid Fund Index.
Canara Robeco Liquid Fund - Direct Plan - Growth Option Fund Manager
The Canara Robeco Liquid Fund - Direct Plan - Growth Option is managed by the following fund managers:
- Mr. Girish Hisaria
- Ms. Suman Prasad
Mr. Girish Hisaria has been managing the fund since 24 August 2014 and Ms. Suman Prasad has been managing the fund since 18 March 2011.
Why should you invest in Canara Robeco Liquid Fund - Direct Plan - Growth Option?
The Canara Robeco Liquid Fund maintains the enhancement of the income while maintaining a steady and high level of liquidity. If the main investment needs of an investor match the investment objectives of the fund, it is one of the best funds to invest in. The amount of risk is very less for the scheme. In addition to that, Canara Robeco Mutual Fund is one of the oldest mutual funds in India. Thus, it has a huge customer base and is very reliable as well.
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