Canara Robeco Monthly Income Plan

Fund manager

Avnish Jain and Ravi Gopalakrishnan are the fund managers. 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:

Investment philosophy or strategy

Canara Robeco Monthly Income Plan is a hybrid investment in that 10% to 25% of its assets are invested in equities and equity related instruments while the remaining is invested in debt and money market instruments to provide a regular monthly income to investors (provided distributable surplus is available). This fund can be a safer option given its exposure to debt instruments in volatile markets. The debt allocation provides regular income while the equity allocation boosts returns of this fund.

Portfolio - Sector / Top 10 holdings

Risk measures

Expert view of the fund + outlook

Canara Robeco Monthly Income Plan aims to generate high accrual income by investing in high-quality short-term papers. The fund has invested a large portion in P1+/AAA rated paper. This fund invests in 'best-in-class' companies in India with strong business models to make the most of the 'growth story' of India. To boost safety, this fund invests in several large cap companies in addition to a few mid cap companies with high conviction. The fund portfolio is spread across 80 stocks. The top 10 stocks contribute 8.10% of the Net Assets of the portfolio. Investors must be aware that this fund has a moderate risk cover.

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.