Canara Robeco Yield Advantage Fund

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
Plans Regular Direct
Options Growth Dividend

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
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


AUM Rs.21.83 crore (September, 2015)
NAV 13.06 (Growth) 13.06 (Dividend)

2.45% (March, 2015)

Regular Plan

1.50% with effect from July, 2015.

Direct Plan

Lower expense ratio by 0.35% from August, 2015

Returns and benchmark comparison (Compounded annualized returns)

Inception Date - 25.04.2011SchemeBenchmark
Last 1 year7.03%13.02%
Last 3 years--
Last 5 years--
Last 10 years--
Since Inception7.41%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.

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