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Canara Robeco Mutual Fund

NAV Date 22-04-2019
Fund Name Category NAV NAV Change 1 year %
Canara Rob Conservative Hybrid Fund(G)-Direct Plan Hybrid - MIP 59.74 0.2569 07.39
Canara Rob Conservative Hybrid Fund-Reg(G) Hybrid - MIP 56.01 0.2473 06.35
Canara Rob Consumer Trends Fund(D)-Direct Plan Equity - Large Cap 38.14 0.4800 06.27
Canara Rob Consumer Trends Fund(G)-Direct Plan Equity - Large Cap 41.08 0.5100 06.34
Canara Rob Consumer Trends Fund-Reg(G) Equity - Large Cap 38.72 0.4900 04.96
Canara Rob Emerg Equities Fund(D)-Direct Plan Equity - Mid Cap 60.48 0.6700 -00.72
Canara Rob Emerg Equities Fund(G)-Direct Plan Equity - Mid Cap 99.79 1.1100 -00.08
Canara Rob Emerg Equities Fund-Auto Repurchase(G) Equity - Mid Cap 93.53 1.0500 -01.19
Canara Rob Emerg Equities Fund-Reg(D) Equity - Mid Cap 44.01 0.4900 -01.86
Canara Rob Emerg Equities Fund-Reg(G) Equity - Mid Cap 93.53 1.0500 -01.19
Canara Rob Equity Diver Fund(D)-Direct Plan Equity - Multi Cap 49.72 0.4900 06.77
Canara Rob Equity Diver Fund(G)-Direct Plan Equity - Multi Cap 138.57 1.3800 08.05
Canara Rob Equity Diver Fund-Reg(D) Equity - Multi Cap 35.4 0.3600 06.08
Canara Rob Equity Diver Fund-Reg(G) Equity - Multi Cap 133.53 1.3500 07.37
Canara Rob Equity Hybrid Fund(G)-Direct Plan Hybrid - Equity Oriented 165.57 1.3400 07.19
Canara Rob Equity Hybrid Fund(MD)-Direct Plan Hybrid - Equity Oriented 84.74 0.6800 06.08
Canara Rob Equity Hybrid Fund-Reg(G) Hybrid - Equity Oriented 157.43 1.2900 05.92
Canara Rob Equity Hybrid Fund-Reg(MD) Hybrid - Equity Oriented 78.54 0.6400 04.65
Canara Rob Equity Tax Saver Fund(D)-Direct Plan Equity - Tax Saving 38.42 0.3800 07.07
Canara Rob Equity Tax Saver Fund(G)-Direct Plan Equity - Tax Saving 67.45 0.6600 08.09
Canara Rob Equity Tax Saver Fund-Reg(G) Equity - Tax Saving 64.93 0.6500 07.22
Canara Rob Gilt 1988(G)-Direct Plan Debt - Gilt Medium and Long Term 51.8 0.0796 06.80
Canara Rob Gilt 1988-Reg(G) Debt - Gilt Medium and Long Term 50.22 0.0807 06.12
Canara Rob Income Fund(G)-Direct Plan Debt - Income 39.95 0.0974 07.48
Canara Rob Income Fund-Reg(G) Debt - Income 38.19 0.0971 06.50
Canara Rob Infrastructure Fund(D)-Direct Plan Equity - Infrastructure 31.55 0.3800 -10.44
Canara Rob Infrastructure Fund(G)-Direct Plan Equity - Infrastructure 46.54 0.5500 -09.81
Canara Rob Infrastructure Fund-Reg(G) Equity - Infrastructure 44.35 0.5400 -10.62
Canara Rob Liquid Fund(D)-Direct Plan Debt - Liquid 1623.89 0.3047 07.47
Canara Rob Liquid Fund(DD)-Direct Plan Debt - Liquid 1005.5 0.0000 05.33
Canara Rob Liquid Fund(G)-Direct Plan Debt - Liquid 2268.26 0.4260 07.48
Canara Rob Liquid Fund(MD)-Direct Plan Debt - Liquid 1005.55 0.1887 05.34
Canara Rob Liquid Fund(WD)-Direct Plan Debt - Liquid 1001.23 0.1878 05.33
Canara Rob Liquid Fund-Reg(DD) Debt - Liquid 1005.5 0.0000 05.30
Canara Rob Liquid Fund-Reg(G) Debt - Liquid 2262.25 0.4232 07.43
Canara Rob Liquid Fund-Reg(MD) Debt - Liquid 1005.53 0.1881 05.31
Canara Rob Liquid Fund-Reg(WD) Debt - Liquid 1001.23 0.1873 05.30
Canara Rob Liquid-Unclaimed Redemption and Dividend Plan(G)-Direct Plan Debt - Liquid 1232.92 0.2327 07.49
Canara Rob Savings Fund(G)-Direct Plan Debt - Ultra Short Term 29.66 0.0157 07.78
Canara Rob Savings Fund-Reg(G) Debt - Ultra Short Term 29.34 0.0148 07.54
Canara Rob Ultra Short Term Fund(D)-Direct Plan Debt - Ultra Short Term 1631.91 0.9139 06.87
Canara Rob Ultra Short Term Fund(DD)-Direct Plan Debt - Ultra Short Term 1240.71 0.0000 04.90
Canara Rob Ultra Short Term Fund(G)-Direct Plan Debt - Ultra Short Term 2849.76 1.6071 06.88
Canara Rob Ultra Short Term Fund(MD)-Direct Plan Debt - Ultra Short Term 1006.38 0.5636 04.96
Canara Rob Ultra Short Term Fund(WD)-Direct Plan Debt - Ultra Short Term 1241.41 0.6954 04.91
Canara Rob Ultra Short Term Fund-Reg(D) Debt - Ultra Short Term 1139.21 0.5808 06.36
Canara Rob Ultra Short Term Fund-Reg(DD) Debt - Ultra Short Term 1240.71 0.0000 04.54
Canara Rob Ultra Short Term Fund-Reg(G) Debt - Ultra Short Term 2773.09 1.4137 06.36
Canara Rob Ultra Short Term Fund-Reg(MD) Debt - Ultra Short Term 1006.12 0.5129 04.60
Canara Rob Ultra Short Term Fund-Reg(WD) Debt - Ultra Short Term 1241.34 0.6328 04.55
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Canara Robeco Mutual Fund is a joint venture between public lender Canara Bank and Robeco, a Netherlands-based asset management firm. Established in December 1987 as Canbank Mutual Fund, it is the oldest mutual fund to be set up in India. The partnership between Robeco and Canara Bank took place later in the year 2007 after which the mutual fund was renamed as Canara Robeco Mutual Fund. Since its inception, it has been growing consistently and n terms of Assets Under Management (AUM), it is one amongst the fastest growing mutual funds in the country. The assets of the fund house are managed by Canara Robeco Asset Management Company Limited (CRAMC).

Types of funds offered by Canara Robeco Mutual Fund

Canara Robeco Mutual Fund offers 24 schemes in the categories of equity, hybrid, debt, and other. Out of the 24 schemes, 6 are close-ended schemes while the rest are open-ended schemes. The features of all the schemes offered by Canara Robeco Mutual Fund have been given below.

Equity Funds by Canara Robeco Mutual Fund

Equity funds mainly focus its investment in stocks and hence, are sometimes also known as stock funds. In this category, Canara Robeco Mutual Fund offers 6 schemes. We have given the brief features of all the equity schemes below:

  1. Canara Robeco Infrastructure:

    This is an open-ended equity scheme that follows the infrastructure theme of investment.

    • Investment Objective: To produce capital growth for the investor by investing in equity and its related securities of infrastructure firms.
    • Ideal for: Investors who wish to achieve capital appreciation over a long term and who prefer to invest in equities of firms engaged in the infrastructure sector.

    Scheme features:

    Benchmark Index S&P BSE India Infrastructure
    Total Expense Ratio As on 28 June 2018, TER: 2.77% - Regular plan and 1.80% - Direct Plan
    Investment Options Growth and Dividend (Reinvestment and Payout)
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load 1% exit load will be applicable if the investor redeems or switches before 1 year from unit allotment date. No exit load will be charged on exit after 1 year
    Riskometer High
    Fund Manager Mr. Yogesh Patil
  2. Canara Robeco Equity Diversified Fund:

    This is an open-ended equity scheme that invests in stocks of large cap, mid cap, and small cap companies.

    • Investment Objective: To create capital growth for the investor by concentrating the investments on equity and its related securities.
    • Ideal for: Investors who wish to achieve capital gains over a long term and who wish to invest in equities and its associated instruments of large cap, mid cap, and small cap firms.

    Scheme features:

    Benchmark Index S&P BSE 200 TRI
    Total Expense Ratio As on 28 June 2018, TER: 2.51% - Regular plan and 1.74% - Direct Plan
    Investment Options Growth and Dividend (Payout and Reinvestment)
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load 1% exit load will be applicable if the investor redeems or switches before 1 year from unit allotment date. No exit load will be charged on exit after 1 year
    Riskometer Moderately High
    Fund Manager Mr. Ravi Gopalakrishnan and Mr. Shridatta Bhandwaldar
  3. Canara Robeco Emerging Equities:

    This is an open-ended equity scheme that invests in stocks of both large and mid cap companies to generate capital appreciation.

    • Investment Objective: To fetch favourable returns for the investor by allocating a major portion of the investment on equity and its related instruments.
    • Ideal for:
    • Investors who wish to grow their capital over a long term and who have an appetite for risk to invest in equity instruments of large and mid cap companies.

    Scheme features:

    Benchmark Index S&P BSE 200 TRI
    Total Expense Ratio As on 28 June 2018, TER: 2.05% - Regular plan and 0.81% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load Exit load of 1% will be applicable if the investor exits 1 year before the unit allotment date. No exit load for exit after 1 year
    Riskometer Moderately High
    Fund Manager Mr. Ravi Gopalakrishnan and Mr. Miyush Gandhi
  4. Canara Robeco Equity Tax Saver Fund:

    This scheme has been explained in the ‘Tax Savings Funds from Canara Robeco Mutual Fund.

  5. Canara Robeco Consumer Trends Fund:

    This is an open-ended equity scheme that follows the financial and consumption theme. The fund invests in the stocks of companies that are engaged in financial services and consumption domains.

    • Investment Objective: To present an opportunity to investors to grow their capital by investing in equity and its related instruments of firms in the consumption and financial segment.
    • Ideal for: Investors who seek capital gains over a long term and have a high appetite for risk to invest in equities of consumption and financial firms.

    Scheme features:

    Benchmark Index S&P BSE 100 TRI
    Total Expense Ratio As on 28 June 2018, TER: 2.76% - Regular plan and 1.48% - Direct Plan
    Investment Options Growth and Dividend (Payout and Reinvestment)
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load 1% exit load will be charged if the investor redeems or switches before 1 year from unit allotment date. No exit load will be charged on exit after 1 year
    Riskometer High
    Fund Manager Ms. Cheenu Gupta
  6. Canara Robeco Bluechip Equity Fund:

    This is an open-ended equity scheme that invests in equities of large cap firms to provide favourable returns to the investor.

    • Investment Objective: To offer capital appreciation to the investor by investing in stocks of firms that have a large market capitalisation.
    • Ideal for: Investors who prefer investing in equity and its associated securities to achieve capital appreciation.

    Scheme features:

    Benchmark Index S&P BSE 100 TRI
    Total Expense Ratio As on 28 June 2018, TER: 2.80% - Regular plan and 1.72% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load 1% exit load will be applicable if switched/redeemed before 1 year from unit allotment date. No exit load will be charged for exit after 1 year
    Riskometer Moderately High
    Fund Manager Mr. Shridatta Bhandwaldar and Mr. Ravi Gopalakrishnan

Hybrid schemes by Canara Robeco Mutual Fund

Hybrid schemes invest in a mix of equity, debt, money market securities, gold, etc., to fetch favourable returns for the investor. In this category, Canara Robeco Mutual Fund offers 2 open-ended schemes and 6 close-ended schemes, the features of which have been given below:

  1. Canara Robeco Equity Debt Allocation Fund:

    This is an open-ended hybrid scheme that allocates a major portion of its investments on equity and its related securities and a small portion on money market and debt securities.

    • Investment Objective: To produce capital appreciation and income for the investor by investing money in a portfolio comprising equity, equity related, debt, and money market securities.
    • Ideal for: Investors who wish to generate income and capital appreciation over a long term.

    Scheme features:

    Benchmark Index CRISIL Hybrid 35+65 - Aggressive Index
    Total Expense Ratio As on 28 June 2018, TER: 2.40% - Regular plan and 1.05% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load Switch or redemption before 1 year from unit allotment date: no exit load for 10% of the investment but for the remaining investment, 1% exit load will be charged. No exit load for redemption after 1 year
    Riskometer Moderately High
    Fund Manager Mr. Ravi Gopalakrishnan (equities), Mr. Shridatta Bhandwaldar (equities), and Mr. Avnish Jain (fixed income)
  2. Canara Robeco Income Saver Fund:

    This is an open-ended hybrid scheme that allocates a major portion of its corpus on debt instruments and a small portion in equity and its related securities.

    • Investment Objective:To produce income for the investor by investing predominantly in debt and money market securities of various maturities.
    • Ideal for: Investors who who wish to achieve capital growth/income over a medium or long term.

    Scheme features:

    Benchmark Index CRISIL Hybrid 85+15 - Conservative Index
    Total Expense Ratio As on 28 June 2018, TER: 2.54% - Regular plan and 1.29% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load No exit load for redemption or switch out for up to 10% of units before 1 year from allotment date. 1% exit load for redemption or switch out for more than 10% of units before 1 year from allotment date. No exit load for exit after 1 year
    Riskometer Moderately High
    Fund Manager Mr. Miyush Gandhi and Mr. Avnish Jain
  3. Canara Robeco Capital Protection Oriented Fund Series 5, 6, 7, 8, 9:

    There are 5 schemes in this category which are all close-ended. All these funds are Capital Protection Oriented Funds that invest in a blend of equity and debt instruments. Investments in debt securities protect the capital of the investor while the equity investments grow the capital of the investor.

  4. Investment Objective: To protect the capital of the investor by investing in high quality fixed income securities that offer low risk and also offer capital appreciation through investments in equity and related instruments.
  5. Ideal for:Investors who wish to grow their capital and prefer to invest in low-risk securities such as fixed income securities.
  6. Scheme features:

    Name of the Fund Benchmark Index Investment Options/Minimum investment amount Entry Load/Exit Load Riskometer Fund Manager
    Canara Robeco Capital Protection Oriented Fund Series 5 CRISIL MIP Blended Fund Index Growth and Dividend Nil Moderately Low Ms. Cheenu Gupta (equities) and Ms. Suman Prasad (fixed income)
    Canara Robeco Capital Protection Oriented Fund Series 6 CRISIL MIP Blended Fund Index Growth and Dividend Nil Moderately Low Ms. Cheenu Gupta (equities) and Ms. Suman Prasad (fixed income)
    Canara Robeco Capital Protection Oriented Fund Series 7 CRISIL MIP Blended Fund Index Rs.5,000 Nil Moderately Low Mr. Miyush Gandhi and Ms. Suman Prasad (fixed income)
    Canara Robeco Capital Protection Oriented Fund Series 8 CRISIL MIP Blended Fund Index Tenure of this scheme is 1140 days Rs.5,000 Nil Moderately Low Ms. Suman Prasad (fixed income) and Mr. Shridatta Bhandwaldar (equities)
    Canara Robeco Capital Protection Oriented Fund Series 9 CRISIL MIP Blended Fund Index Tenure of this scheme is 1134 days Rs.5,000 Nil Moderately Low Ms. Suman Prasad (fixed income) and Mr. Shridatta Bhandwaldar (equities)
  7. Canara Robeco Dual Advantage Fund Series 1: This is a close-ended hybrid scheme that invests in a mix of equity and debt securities. It offers stability to the invested capital through investment in debt securities and provides capital gain through investment in equity securities. The scheme has a tenure of 1105 days.

    • Investment Objective: To achieve capital appreciation for the investor while also offering stability of the investment.
    • Ideal for: Investors who wish to grow their capital over a long term and prefer to invest in a mix of debt and equity instruments.

    Scheme features:

    Benchmark Index CRISIL Hybrid 85+15 - Conservative Index
    Total Expense Ratio As on 10 July 2018, TER: 2.17% - Regular plan and 1.07% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load Nil
    Riskometer Moderately Low
    Fund Manager Ms. Cheenu Gupta (equities) and Ms. Suman Prasad (fixed income)

Debt Schemes by Canara Robeco Mutual Fund

Debt schemes invest in fixed income income securities such as corporate bonds, commercial papers, government securities, treasury bills, and other money market securities. In this category, Canara Robeco Mutual Fund offers 8 schemes all of which are briefly described below:

  1. Canara Robeco Savings Fund:

    This is an open-ended low duration debt scheme that invests in money market and debt securities so that the portfolio’s Macaulay Duration ranges between 6 to 12 months.

    • Investment Objective: To generate capital appreciation for the investor by investing money in a portfolio of debt and money market securities with a low duration.
    • Ideal for - Investors who wish to follow a low duration strategy to achieve capital appreciation.

    Scheme features:

    Benchmark Index CRISIL Ultra Short Term Debt Index
    Total Expense Ratio As on 28 June 2018, TER: 0.55% - Regular plan and 0.35% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load Nil
    Riskometer Moderately Low
    Fund Manager Mr. Girish Hisaria and Ms. Suman Prasad
  2. Canara Robeco Income Fund:

    This is an open-ended medium-to-long term debt scheme that invests in debt and money market securities such that the portfolio’s Macaulay Duration is 4 years to 7 years.

    • Investment Objective: To create income/capital gains for the investor through investments in a portfolio comprising medium to long term money market and debt instruments.
    • Ideal for: Investors who seek income/capital growth over medium to long term and who prefer to invest in money market and debt securities.

    Scheme features:

    Benchmark Index CRISIL Composite Bond Fund Index
    Total Expense Ratio As on 28 June 2018, TER: 1.90% - Regular plan and 0.99% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load 1% exit load will apply if the investor exits before 1 year from unit allotment date. No exit load for exit after 1 year
    Riskometer Moderate
    Fund Manager Mr. Avnish Jain
  3. Canara Robeco Gilt Fund:

    This is an open-ended debt scheme that invests in government securities across maturities as defined under Sec.2 (2) of Public Debt Act, 1944.

    • Investment Objective: To offer risk-free returns to the investor while maintaining capital stability and liquidity.
    • Ideal for: Investors who prefer to invest in risk-free securities while achieving capital appreciation over a long term.

    Scheme features:

    Benchmark Index I-Sec Li-Bex
    Total Expense Ratio As on 28 June 2018, TER: 1.25% - Regular plan and 0.62% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load Nil
    Riskometer Moderate
    Fund Manager Mr. Girish Hisaria
  4. Canara Robeco Dynamic Bond Fund:

    This is an open-ended dynamic debt scheme that invests across duration of debt and money market securities.

    • Investment Objective:To generate capital appreciation for the investor through investment in a portfolio of money market and debt securities.
    • Ideal for: Investors who wish to achieve capital gains from investments in debt and money market instruments.

    Scheme features:

    Benchmark Index CRISIL Composite Bond Fund Index
    Total Expense Ratio As on 28 June 2018, TER: 1.75% - Regular plan and 1.04% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load Exit load of 0.5% if investor switches out or redeems before 6 months from unit allotment date. No exit load if investor exits after 6 months
    Riskometer Moderate
    Fund Manager Mr. Girish Hisaria
  5. Canara Robeco Corporate Bond Fund:

    This is an open-ended debt scheme that invests in corporate bonds that are rated AA+ and above.

    • Investment Objective:To generate income and capital growth for the investor by investing in a portfolio that comprises corporate bonds rated AA+ and above.
    • Ideal for: Investors who seek income/capital growth through investments that follow a low credit risk strategy.

    Scheme features:

    Benchmark Index CRISIL Composite Bond Fund Index
    Total Expense Ratio As on 28 June 2018, TER: 1.25% - Regular plan and 0.54% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load No exit load for redemption/switch out before 1 year from unit allotment date for up to 10% of units. For redemption/switch out before 1 year for more than 10% of units, 1% exit load will be applicable. No exit load for exit after 1 year
    Riskometer Moderate
    Fund Manager Mr. Avnish Jain
  6. Canara Robeco Short Duration Fund:

    This is an open-ended short term debt scheme that invests in money market and debt securities so that the portfolio’s Macaulay Duration is between 1 year and 3 years.

    • Investment Objective: To produce capital returns for the investor through investments in a broad range of money market and debt securities of different maturities and risk profile.
    • Ideal for: Investors who wish to grow their capital over a short term by investing in money market and debt securities.

    Scheme features:

    Benchmark Index CRISIL Short Term Bond Fund Index
    Total Expense Ratio As on 28 June 2018, TER: 1.25% - Regular plan and 0.48% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load Nil
    Riskometer Moderately Low
    Fund Manager Ms. Suman Prasad
  7. Canara Robeco Ultra Short Term Fund:

    This is an open-ended ultra-short term debt scheme that presents a tax efficient, low-risk, and transient investment solution for investors over a short term. The scheme invests in money market and debt securities such that the portfolio’s Macaulay Duration is from 3 months to 6 months.

    • Investment Objective: To produce capital returns for the investor through investments in a broad range of money market and debt securities across different risk profiles and maturities.
    • Ideal for: Investors who have a low appetite for risk but wish to achieve capital appreciation over an ultra-short term.

    Scheme features:

    Benchmark Index CRISIL Liquid Fund Index
    Total Expense Ratio As on 28 June 2018, TER: 0.95% - Regular plan and 0.25% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load Nil
    Riskometer Low
    Fund Manager Mr. Girish Hisaria and Ms. Suman Prasad
  8. Canara Robeco Liquid Fund:

    This is an open-ended liquid scheme that invests in money market and debt securities having a maturity of up to 91 days only.

    • Investment Objective: To augment the income of the investor while also offering liquidity through investments in debt and money market securities.
    • Ideal for: Investors who wish to maintain a high level of liquidity while also growing their capital.

    Scheme features:

    Benchmark Index CRISIL Liquid Fund Index
    Total Expense Ratio As on 28 June 2018, TER: 0.10% - Regular plan and 0.04% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load Nil
    Riskometer Low
    Fund Manager Ms. Suman Prasad and Mr. Girish Hisaria

Other schemes by Canara Robeco Mutual Fund

  1. Canara Robeco Gold Savings Fund:

    This is an open-ended Fund of Fund (FoF) scheme that invests in the Canara Robeco Gold Exchange Traded Fund. An FoF primarily invests in other schemes of the same mutual fund and offers investors an opportunity to achieve greater diversification.

    • Investment Objective: To offer returns to the investor that closely match the returns offered by Canara Robeco Gold Exchange Traded Fund.
    • Ideal for: Investors who wish to achieve similar capital returns as provided by the Canara Robeco Gold Exchange Traded Fund.

    Scheme features:

    Benchmark Index Price of Physical Gold
    Total Expense Ratio As on 28 June 2018, TER: 0.6% - Regular plan and 0.45% - Direct Plan
    Investment Options Growth and Dividend
    Minimum Investment Rs.5,000
    Entry Load Nil
    Exit Load 2% exit load will be charged on redemption/switch out before 1 year from unit allotment date
    Riskometer Moderately High
    Fund Manager Ms. Suman Prasad and Mr. Avnish Jain
  2. Canara Robeco Gold Exchange Traded Fund: This is an open-ended scheme that tracks the domestic price of gold and invests mainly in gold bullion of 0.995 fineness. The units of the scheme are tradeable on stock exchange.

    • Investment Objective:To produce returns similar to returns offered by the performance of gold. The performance however, will be subject to tracking errors.
    • Ideal for: Investors who wish to invest in gold and achieve capital appreciation over a long term.

    Scheme features:

    Benchmark Index Domestic Price of Gold
    Total Expense Ratio As on 28 June 2018, TER: 0.81% - Regular plan and 0% - Direct Plan
    Exchange Listed on National Stock Exchange
    Minimum Lot (Exchange) One unit/share
    Entry Load/Exit Load Nil
    Taxation Treatment Debt
    Riskometer Moderately High
    Fund Manager Mr. Avnish Jain and Ms. Suman Prasad

Tax Saving Funds from Canara Robeco Mutual Fund

  1. Canara Robeco Equity Tax Saver Fund :

    This is an open-ended equity linked savings scheme that has a statutory lock-in period of 3 years and lets the investor enjoy tax benefits under Section 80C of the Income Tax Act, 1961.

    • Investment Objective: To offer tax benefits and capital gains to the investor by investing mainly in equities.
    • Ideal for: Investors who wish to avail tax benefits while also achieving capital appreciation.

Scheme features:

Benchmark Index S&P BSE 100 TRI
Total Expense Ratio As on 28 June 2018, TER: 2.35% - Regular plan and 1.50% - Direct Plan
Investment Options Growth and Dividend
Minimum Investment Rs.500
Entry Load Nil
Exit Load Nil
Riskometer Moderately High
Fund Manager Ms. Cheenu Gupta

Eligibility criteria for investing in Canara Robeco Mutual Fund?

The following individuals/entities are eligible to invest in units of Canara Robeco Mutual Fund:

  • Adult individuals residing in India
  • Karta of Hindu Undivided Family (HUF)
  • Minors can invest through a parent or a legal guardian
  • Firms, corporate bodies, PSUs (Public Sector Undertakings), Co-operative societies registered under the Co-operative Societies Act, 1912, and Societies registered under the Societies Registration Act, 1860
  • Persons of Indian Origin (PIOs), Non-Resident Indians (NRIs), and Overseas Citizens of India (OCI) on repatriation or non-repatriation basis
  • Partnership Firms
  • Pension Funds/Pension Fund Managers
  • Religious and charitable trusts, private trusts, and Wakfs or endowments of private trusts
  • Financial institutions and banks
  • Mutual funds/alternative investment funds registered with SEBI
  • Foreign Portfolio Investors (FPIs) and Foreign Institutional Investors (FIIs) registered with SEBI
  • Council of Scientific and Industrial Research, India
  • Reserve Bank of India (RBI) and Government of India approved Bilateral Development Corporation Agencies/Multilateral Financial Institutions/Corporate Bodies incorporated outside India
  • Air Force, Navy, Army, and other paramilitary bodies
  • Other schemes of LIC Mutual Fund subject to SEBI regulations

How to Invest in Canara Robeco Mutual Fund Online?

Canara Robeco Mutual Fund presents a simple and effortless way of investment by making it online. To subscribe to the units of the fund, the below-mentioned steps need to be followed:

  • Visit the official site of Canara Robeco Mutual Fund at www.canararobeco.com
  • On the right hand side of the webpage, click on the ‘Invest Online’ button.
  • To make the first purchase, click on ‘First-Time Investor’.
  • To check if the investor is KYC compliant, he/she needs to fill up his/her basic details.
  • The contact details of the investor need to be fed into the system.
  • The investor then needs to select the fund he/she wishes to invest in, the category of the scheme, and the investment option.
  • The investor can also add a nominee to his/her account by entering his/her details.
  • The bank account of the investor needs to be linked with the mutual fund account. There are some banks which allow paperless transactions and if your bank falls into the category, the investment can be made immediately. However, if your bank doesn’t fall into the category, you will need to send in your bank account details to the fund house.
  • The investor then needs to fill in the FATCA details, confirm the fund selection, enter the amount to be invested, and confirm the purchase.
  • Once the investor reads the disclaimers and confirms, a transaction number will be generated which can be preserved for future references.
  • The investor will now be redirected to the payment gateway of his/her bank where he/she has to login to the bank account to make a payment.

Documents required to invest in Canara Robeco Mutual Fund

To invest in schemes of Canara Robeco Mutual Fund, the investor needs to fill up 2 forms - KYC (Know Your Customer) for first-time investors and an SIP application form. To complete the KYC process, first-time investors need to submit the KYC form along with the below documents:

  • PAN card
  • Passport size photo
  • Proof of Identity (Driving Licence/Voters ID/Passport/Aadhaar)
  • Proof of Address (Ration card/Voters ID/Aadhaar/Passport/Driving Licence/Latest Gas or Electricity bill/Latest bank account statement or passbook/Rental agreement)

Existing investors who are KYC compliant just need to submit a cancelled cheque leaf along with the form for a particular scheme, duly filled.

While investing online, investors can complete e-KYC process for investments up to Rs.50,000 but for investments above Rs.50,000, physical KYC is a must.

Why invest with Canara Robeco Mutual Fund?

  • Trustworthy brand of both partners - Both the partners of Canara Robeco Mutual Fund bring with it, their own trustworthiness and amalgamate to create an even more trustworthy brand.
  • Tax benefits - The Canara Robeco Equity Tax Saver scheme which is an equity-linked saving scheme lets the investor reap tax benefits under Section 80C of the Income Tax Act, 1961.
  • Professional management - All the schemes of Canara Robeco Mutual Fund are managed by highly qualified fund managers who have several years of experience in managing funds. This means that your investment is in the right hands and have a potential to earn favourable returns.
  • Ample experience - Established in 1987, it is the oldest mutual fund to be set up in India and with more than 3 decades of experience in the mutual fund segment, you can be rest assured that they know how to manage your investments best.
  • Wide variety of schemes - Canara Robeco Mutual Fund offers 24 schemes which means you have a wide range of schemes to choose from. While some schemes offer tax benefits, some offer high capital appreciation while some offer lower risks. Depending on your appetite, you can choose a scheme that suits your needs.
  • Superior customer care - The customer support team at Canara Robeco Mutual Fund are professional, efficient, and friendly to offer you assistance of a superior quality so that all the queries and grievances of investors are addressed effectively.

Canara Robeco Mutual Fund - FAQ’s

  1. What is a direct plan and how can I invest in one?

    Answer: Direct plans do not charge brokerage or distributor fees and hence, have lower expense ratios. To invest in a direct plan offline, you need to fill up an application form separately available for direct plans. You can also use the form for a regular plan to opt for a direct plan by mentioning ‘Direct’ in the ARN column of the application form. You can also opt for an SIP (Systematic Investment Plan) in a direct plan.

  2. Will any exit load be charged if I switch from a regular to a direct mutual fund of Canara Robeco Mutual Fund?

    Answer: No, you will not be charged any exit load for switching from a regular to a direct plan. Please note however that investors who registered for a Systematic Transfer Plan (STP) cannot switch on to a direct plan unless they cancel their existing enrolments.

  3. Can the asset allocation of a mutual fund be changed while deploying investors’ funds?

    Answers: Yes. The fund manager can change the allocation of assets according to the trends in the market but is usually done on a short-term basis so as to protect the Net Asset Value (NAV). However, there is nothing to worry about as the asset allocation will be done by keeping the interest of the investor in mind. In case the allocation of assets is going to be changed on a permanent basis, the unit holders will be informed of the same and the investors will be provided with an option to withdraw from the scheme without being charged any exit load.

  4. What are the ways in which I can invest in a scheme of Canara Robeco Mutual Fund?
  5. Answer: You can invest in the schemes of Canara Robeco Mutual Fund through agents and distributors who are registered under the Association of Mutual Funds in India (AMFI). If you wish to invest directly through the fund house, you can do so by visiting any branch of Canara Robeco Mutual Fund. You can also invest online by visiting the official website of Canara Robeco Mutual Fund. The steps for the online investment process have been explained above in the ‘How to invest in Canara Robeco Mutual Fund online’ section.

  6. Can I do a cash investment?

    Answer: Yes, you can invest up to Rs.50,000 per mutual fund in a financial year. However, any redemption or dividend payments will only be done through a bank channel.

  7. How do I decide which funds to invest in?
  8. Answer: To ensure that you pick the right fund, it is advised that you read the scheme information document (SID) thoroughly, check for the past performance record, compare the various schemes available, quality of debt securities (in case of debt funds), and the professional experience of the fund manager handling the fund. In case you are not sure about which funds to invest in, you can seek the help of a financial adviser.

  9. After I invest in a mutual fund, how soon will I receive the account statement?

    Answer: You should receive the statement of account within 5 working days from the closure date of the initial subscription or from the receipt request date from unitholders in case of open-ended schemes. For investors investing in close-ended schemes, unit certificates or demat account statement will also be sent within working days.

  10. How do I get in touch with the customer care of Canara Robeco Mutual Fund?

    Answer: You can call the toll-free number of Canara Robeco Mutual Fund at 1800-209-2726 to speak to a mutual fund executive or email them at crmf@canararobeco.com. You can also visit their branch offices located in various cities across the country.

GST rate of 18% applicable for all financial services effective July 1, 2017.

News About Canara Robeco Mutual Fund

  • Canara Robeco Mutual Fund Head of Equities resigns

    Ravi Gopalakrishnan, Head of Equities at Canara Robeco Mutual Fund has stepped down from his position and as per industry sources, he will probably be joining another firm in the private equity space. Mr. Gopalakrishnan was leading the Fund Management and Equity Research team at Canara Robeco for the last 5 and a half years and prior to that, he had worked with Principal Asset Management and Pramerica Asset Management. The Canara Robeco Mutual Fund is responsible for managing assets worth Rs.12,500 crore and is ranked at number 22 in terms of asset size among the 42-member mutual fund industry in India.

    14 May 2018

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