Canara Robeco Banking and PSU Debt Fund Direct Growth

Canara Robeco Banking and PSU Debt Fund Direct Growth is a debt fund. This fund was started on 22 August, 2022. The fund is managed by Avnish Jain, Suman Prasad. This fund is suitable to keep your money safe.

1. Canara Robeco Banking and PSU Debt Fund Direct Growth has ₹234 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.4.
   

Canara Robeco Banking and PSU Debt Fund Direct Growth has given a CAGR return of 7.31% since inception. Over the last 1 year the fund has given a CAGR return of 8.93%.

Canara Robeco Banking and PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are National Housing Bank, Rural Electrification Corporation Limited, Kotak Mahindra Bank Limited, Indian Railway Finance Corporation Limited, HDFC Bank Limited

As it is a banking & psu mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

To generate income and/or capital appreciation through a portfolio of high quality debt and money market instruments issued by entities such as Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However, there is no assurance that the objective of the fund will be realised.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Canara Robeco Banking and PSU Debt Fund Direct Growth has no lock in period.