Debt
Direct
Banking & Psu
NAV as on 05-12-2024
₹ 11.65
▲0.1%
1D
Inception Returns
6.9%
/yr
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.
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%.
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
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.
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.
Expense ratio | 0.34% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
AUM | ₹248 Cr |
Inception Date | 22 August, 2022 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 136.88% |
STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Moderate Risk |
as on (05-Dec-24)
as on (31-Dec-69)
Top 2 Sectors in October were Corporate, Government
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% |
AAA | 100 |