Canara Robeco Liquid

Type or nature of fund

An open-ended cash management scheme.

Investment objective

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.

Fund information

I Inception date 15/01/2002
CRISIL rank 3
Plans Regular Direct
Options Growth Dividend

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

Entry load Nil
Exit load Nil
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
SWP Available
Redemption N.A
Taxation Customers should advise their tax consultants about the t tax implications of this fund

Fund manager

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:

Name Age Qualifications Experience
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

Issuer Sector Percentage
Money market instruments A1+(CRISIL) 83.21
Edelweiss Financial Services Ltd A1+(CRISIL) 16.54
Corporation Bank A1+(ICRA) 11.38
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
UPL Ltd A1+(CRISIL) 5.11
Vijaya Bank 3.46
Muthoot Finance Ltd A1+(CRISIL) 3.43

Risk measures

Sharpe 24.93
Alpha -
Beta -
Standard Deviation 0.06


AUM Rs.1446.43 crores (August, 2015)
NAV 1759.6 (Growth) 1002.8 (Dividend monthly)

0.10% (September, 2015)

Regular Plan

0.12% from August, 2015.

Direct Plan

Lower expense ratio by 0.03% from August, 2015.

Returns and benchmark comparison

Last 1 year8.81%8.87%8.81%8.81%
3 years9.09%- 8.85%-
5 years8.84%- 8.42%-
Since Inception8.22%9.13%7.70%9.06%

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.

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