Type or nature of fund
An open-ended cash management scheme.
This fund aims to generate income by investing in a combination of money market instruments and debt securities while maintaining a level of high liquidity.
|I Inception date||15/01/2002|
Canara Robeco Liquid-Direct Daily Dividend
Canara Robeco Liquid-Direct Dividend
Canara Robeco Liquid-Direct Growth
Canara Robeco Liquid-Direct Monthly Dividend
Canara Robeco Liquid-Direct Weekly Dividend
Canara Robeco Liquid-Growth
Canara Robeco Liquid-Institutional Daily Dividend
Canara Robeco Liquid-Institutional Growth
Canara Robeco Liquid-Regular Daily Dividend
Canara Robeco Liquid-Regular Growth
Canara Robeco Liquid-Regular Monthly Dividend
Canara Robeco Liquid-Regular Weekly Dividend
Canara Robeco Liquid-Retail Daily Dividend
Canara Robeco Liquid-Retail Monthly Dividend
Canara Robeco Liquid-Retail Weekly Dividend
|Minimum investment||Rs.5,000.Subsequent purchases: Minimum amount of Rs. 1000.00 and multiples of Re.1 thereafter.|
|Product label||Low risk. This fund provides enhancement of income via investments in money market instruments and debt securities.|
|Benchmark||Crisil Liquid Fund Index|
|Taxation||Customers should advise their tax consultants about the t tax implications of this fund|
Girish Hisaria is the fund managers are responsible for building and maintaining a portfolio by considering the asset allocation patterns and risks. The educational qualifications and details are listed in the table below:
|Girish Hisaria||38||B.Com, MMS||12 years|
Investment philosophy or strategy
This fund invests in debt and money market instruments (with unexpired maturity less than 91 days) which provide adequate liquidity and returns. A portion of this fund will also be invested in both rated and un-rated corporate bonds and debentures. There is no risk of default of either principal or interest in terms of investments made in treasury bills and government securities.
Portfolio – Sector / Top 10 holdings
|Money market instruments||A1+(CRISIL)||83.21|
|Edelweiss Financial Services Ltd||A1+(CRISIL)||16.54|
|The Ramco Cements Ltd||A1+(CRISIL)||6.88|
|IDBI Bank Ltd||A1+(ICRA)||6.83|
|Aditya Birla Nuvo Ltd||A1+(CRISIL)||6.16|
|Mahindra & Mahindra Financial Services Ltd||A1+(CRISIL)||5.15|
|Muthoot Finance Ltd||A1+(CRISIL)||3.43|
|AUM||Rs.1446.43 crores (August, 2015)|
|NAV||1759.6 (Growth) 1002.8 (Dividend monthly)|
0.10% (September, 2015)
0.12% from August, 2015.
Lower expense ratio by 0.03% from August, 2015.
Returns and benchmark comparison
|Last 1 year||8.81%||8.87%||8.81%||8.81%|
Expert view of the fund + outlook
The fund portfolio will be diversified to minimise the risk of underperformance, due to certain security-specific factors. This fund will invest in in state / central government securities in addition to treasury bills. This fund entails investment in debt and money market securities with maturity up to 91 days. If the maturity falls on a non-business day, the settlement is done on the next business day. Investment in securitised debt is limited to domestic securitized debt and will not exceed 20% of the net assets.
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.