Canara Robeco Banking and PSU Debt Fund Direct Growth

Canara Robeco Banking and PSU Debt Fund Direct Growth

Debt

Direct

Banking & Psu

NAV as on 05-12-2024

₹ 11.65

0.1%

1D

Inception Returns

6.9%

/yr

About 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.

Key Parameters

  1. Canara Robeco Banking and PSU Debt Fund Direct Growth has ₹248 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Canara Robeco Banking and PSU Debt Fund Direct Growth has given a CAGR return of 6.89% since inception. Over the last 1 year the fund has given a CAGR return of 8.32%.

Holdings

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, Axis Bank Limited, Rural Electrification Corporation Limited, HDFC Bank Limited, Indian Railway Finance Corporation Limited

Taxation

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:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Canara Robeco Banking and PSU Debt Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
29 people have invested ₹ 4.3L in Canara Robeco Banking and PSU Debt Fund Direct Growth in the last three months

Canara Robeco Banking and PSU Debt Fund Direct Growth Overview

Expense ratio0.34%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹248 Cr
Inception Date22 August, 2022
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
136.88%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (05-Dec-24)

Period
Canara Robeco Banking and PSU Debt Fund Direct Growth
Banking and PSU Index
1M
0.6%
0.6%
3M
2%
1.9%
6M
4.3%
4.1%
1Y
8.3%
8%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.6%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
46.9%
Government
28.7%
Cash Equivalent
24.4%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 237.7 Cr
₹ 237.7 Cr
₹ 238.2 Cr
  • AUM of the fund stands at 237.7 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Cash allocation has gone up from 24.2% to 24.3%
Cash allocation has gone up from 24.2% to 24.3%
Debt allocation has gone down from 75.3% to 75.2%
Debt allocation has gone down from 75.3% to 75.2%

Top 2 Sectors in October were Corporate, Government

Oct'24
Corporate
47%
Government
29%
Sep'24
Corporate
57%
Government
27%
  • Debt & Cash

Holdings
Weight%
1M Change
National Housing Bank
National Housing Bank
8.45%
0%
Axis Bank Limited
Axis Bank Limited
8.42%
0%
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
8.41%
0%
HDFC Bank Limited
HDFC Bank Limited
6.52%
0%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
6.47%
0%
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Avnish Jain
Avnish Jain
Fund Manager of Canara Robeco Banking and PSU Debt Fund Direct Growth, since 22 August 2022
Suman Prasad
Suman Prasad
Fund Manager of Canara Robeco Banking and PSU Debt Fund Direct Growth, since 16 September 2024
Fund House
Canara Robeco Asset Management Co. Ltd.
Total AUM
₹1.16L Cr
as on 31-Oct-2024
Address
Canara Robeco Asset Management Company Limited,Construction House, 4th Floor,,5 Walchand Hirachand Marg, Ballard Estate,
Phone
+912266585000
Website
crmf@canararobeco.com

Canara Robeco Banking and PSU Debt Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.89% since inception which is more than its category average return of 5.86%
AUM size ₹248 Cr

AUM size ₹248 Cr

This fund has AUM of ₹248 Cr which is less than its category average of ₹ 3596 Cr
Expense Ratio 0.34%

Expense Ratio 0.34%

This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.49%

Frequently Asked Questions for Canara Robeco Banking and PSU Debt Fund Direct Growth

The current NAV of Canara Robeco Banking and PSU Debt Fund Direct Growth is ₹11.65 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
Canara Robeco Banking and PSU Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.64%
0.64%
6 Month Returns
4.28%
4.28%
1 Year Returns
8.32%
8.32%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.34% as on November 2024
₹248 Cr as on November 2024
National Housing Bank(8.45%), Axis Bank Limited(8.42%), Rural Electrification Corporation Limited(8.41%), HDFC Bank Limited(6.52%), Indian Railway Finance Corporation Limited(6.47%) as on November 2024
Corporate(46.85%), Government(28.72%), Cash Equivalent(24.42%) as on November 2024
Yield to Maturity is 7.3 as on November 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 2.76 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Avnish Jain, Suman Prasad are the fund managers of Canara Robeco Banking and PSU Debt Fund Direct Growth
The Exit load of Canara Robeco Banking and PSU Debt Fund Direct Growth is 0%