Type or nature of fund
This is an open ended debt scheme.
Investment objective
Canara Robeco Yield Advantage Fund aims to generate regular income by investing in debt securities and money market instruments of various maturities. A small portion of the portfolio is also invested in equity and equity-related instruments. Canara Robeco Yield Advantage Fund is a debt-oriented conservative scheme (marginal exposures in equity) and therefore, has moderate risk cover.
Fund information
| Inception date | 25/04/2011 |
| CRISIL rank | N.A |
| Plans | Regular Direct |
| Options | Growth Dividend |
| Schemes |
Canara Robeco Yield Advantage Fund-Direct Growth Canara Robeco Yield Advantage Fund-Direct Monthly Dividend Canara Robeco Yield Advantage Fund-Direct Quarterly Dividend Canara Robeco Yield Advantage Fund-Regular Canara Robeco Yield Advantage Fund-Regular Monthly Dividend Canara Robeco Yield Advantage Fund-Regular Quarterly Dividend |
| Entry load | Nil |
| Exit load | 0.50% if redeemed within 180 days from allotment date. Nil, if redeemed after 180 days from allotment date. |
| Minimum investment | Rs.5,000. Subsequent purchases: Rs.1000 and in multiples of Re.1 thereafter. |
| SIP | Rs.1,000 and Rs.2,000 for monthly and quarterly frequency respectively and in multiples of Re.1 thereafter. |
| Product label | Moderate. This fund is suitable for conservative investors who seek minimal allocation to equities in their portfolio. |
| Benchmark | Crisil MIP Blended Index |
| SWP | N.A |
| STP | N.A |
| Redemption | N.A |
| Taxation | Customers should consult their tax advisors to ascertain the tax implications of this fund |
Fund manager
Ravi Gopalkrishnan and Suman Prasad are fund managers. The fund managers are responsible for making buy/sell decision 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 |
| Ravi Gopalkrishnan | 47 | MBA in finance and MS finance | 21 Years |
| Suman Prasad | N.A | B.Sc and PGDMS | N.A |
Investment philosophy or strategy
The fund managers analyze macroeconomic government policy to zero in on the allocation pattern between fixed income and equity instruments. A portfolio comprising fixed income and equity and equity-related instruments will be formed after adhering to strict credit quality criteria. The focus will be on top rated securities for building an accrual-based portfolio to create adequate liquidity.
Portfolio – Sector / Top 10 holdings
| Issuer | Sector | Percentage |
| 8.29% KERALA SDL 29-JUL-25 | Sovereign | 25.62 |
| Tata Motors Ltd | AA+(CARE) | 13.21 |
| Vedanta Ltd | AA(CRISIL) | 12.54 |
| Rural Electrification Corporation Ltd | AAA(CRISIL) | 6.56 |
| Shriram Transport Finance Co Ltd | AA+(CRISIL) | 6.45 |
| L&T Housing Finance Ltd | AA+(CARE) | 6.38 |
| L&T Infrastructure Finance Ltd | AA+(CARE) | 6.37 |
| Blue Dart Express Ltd | AA(ICRA) | 2.97 |
Risk measures
| Sharpe | -0.03 |
| Alpha | -0.49 |
| Beta | 0.21 |
| Standard Deviation | 1.28 |
Performance
| AUM | Rs.21.83 crore (September, 2015) |
| NAV | 13.06 (Growth) 13.06 (Dividend) |
| Expenses |
2.45% (March, 2015) Regular Plan1.50% with effect from July, 2015. Direct PlanLower expense ratio by 0.35% from August, 2015 |
Returns and benchmark comparison (Compounded annualized returns)
| Inception Date - 25.04.2011 | Scheme | Benchmark |
| Last 1 year | 7.03% | 13.02% |
| Last 3 years | - | - |
| Last 5 years | - | - |
| Last 10 years | - | - |
| Since Inception | 7.41% | 9.97% |
Expert view of the fund + outlook
Investors can expect Canara Robeco Yield advantage fund to be reviewed regularly in terms of its maturity profile and daily cash projection. As part of equity allocation, the fund manager will aim to invest in Initial Public Offerings and Buy Back Opportunities among many others, failing which, a bottom-up stock picking approach will be adopted to pick stocks out of the top 150 stocks which are ranked based on their market capitalisation. 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.
