Canara Robeco Banking and PSU Debt Fund Direct Growth
Debt
Direct
Banking & Psu
NAV: ₹ 10.7 as on 21-09-2023
Fund Performance
46 people have invested ₹ 2L in Canara Robeco Banking and PSU Debt Fund Direct Growth in the last three months
Fund Insights
This fund expense ratio is slightly on the lower side within the category (banking & psu). Its expense ratio is 0.42% which is lower than the category average expense ratio of 0.54%.
In the last 1 year, ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth has given 7.71% return, outperforming this fund by 1.44%.
Over the last 3 months, this fund has experienced a 9.1% drop in AUM moving from 452.08 Cr to 410.98 Cr.
About the Fund
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. This fund is suitable to keep your money safe.
Key Parameters
- Canara Robeco Banking and PSU Debt Fund Direct Growth has ₹411 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.4.
Canara Robeco Banking and PSU Debt Fund Direct Growth Overview
 | 0.42% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹411 Cr |
 | 22 August, 2022 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 77.5% |
Fund Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
47.7%
Government
44%
Cash Equivalent
8.3%
Top Holdings of Canara Robeco Banking and PSU Debt Fund Direct Growth as on (31-Aug-23)
Debt Holdings23
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Limited | 6.25% | 0% | |
Axis Bank Limited | 6.17% | 0% | |
Power Grid Corporation Of India Limited | 6.16% | 0% | |
Nhpc Limited | 6.08% | 0% | |
7.39 Tn SDL 2033 | 6.07% | 0% |
See all
Canara Robeco Banking and PSU Debt Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 411 Cr as of Aug'23
- AUM decreased by 0.8 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Peer Analysis
Canara Robeco Banking and PSU Debt Fund Direct Growth Fund Manager
Avnish Jain
Fund Manager of Canara Robeco Banking and PSU Debt Fund Direct Growth, since 22 August 2022
Top funds managed
Fund Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 5.99% since inception which is more than its category average return of 5.51%
AUM size ₹411 Cr
This fund has AUM of ₹411 Cr which is less than its category average of ₹ 3794 Cr
Expense Ratio 0.42%
This fund has an expense ratio of 0.42% which is less than its category average expense ratio of 0.48%
Frequently Asked Questions
The current NAV of Canara Robeco Banking and PSU Debt Fund Direct Growth is ₹10.65 as on 21-Sep-2023.
Existing (Absolute + CAGR) as on 21-Sep-2023.
Canara Robeco Banking and PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.74% | 0.74% |
6 Month Returns | 3.61% | 3.61% |
1 Year Returns | 6.27% | 6.27% |
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.
0.42% as on August 2023
₹411 Cr as on August 2023
HDFC Bank Limited(6.25%), Axis Bank Limited(6.17%), Power Grid Corporation Of India Limited(6.16%), Nhpc Limited(6.08%), 7.39 Tn SDL 2033(6.07%) as on August 2023
Corporate(47.92%), Government(43.34%), Cash Equivalent(8.74%) as on August 2023
Yield to Maturity is 7.45 as on August 2023. 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 2.83 as on August 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Avnish Jain is the fund manager 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%